US adds 115,000 jobs in April, nearly double expectations, signaling a stabilizing labor market.

In April, the US economy added 115,000 nonfarm jobs, significantly surpassing the expected 65,000, with the unemployment rate steady at 4.3%. This marks continued job market strength following a revised 185,000 jobs added in March, indicating stabilization despite ongoing inflation concerns. Key sectors like transportation, healthcare, and retail saw notable job gains, while federal government employment declined. Private sector growth was strong, especially in small businesses and education and health services, though layoffs rose, partly due to AI-related cuts. This data suggests a resilient labor market that may influence economic policy going forward.