Job growth in America was stronger than expected in April. Nonfarm payrolls increased a seasonally adjusted 177,000 for the month, roughly in line with the increase of 185,000 in March and significantly above the April Dow Jones estimate for 133,000, the Bureau of Labor Statistics reported Friday. The U.S. unemployment rate held steady at 4.2%. In the U.S., “full employment” is typically associated with an unemployment rate around 4% to 5%. Economists often cite this range as the Non-Accelerating Inflation Rate of Unemployment (NAIRU), where the labor market is considered to be at equilibrium—meaning most people who want jobs can find them, with only frictional and structural unemployment remaining. The exact figure can vary depending on economic conditions, but 4.5% is a commonly referenced midpoint.
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Friday, May 2, 2025
U.S. jobs growth well above expectations with 177,000 in April
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