U.S. employment growth slows in April
May 3, 2024
US job growth slowed more than expected in April and annual wage growth cooled, but it is probably too early to expect the Federal Reserve to start cutting interest rates before September as the labour market remains fairly tight.
Nonfarm payroll employment rose by 175,000 last month, the Labor Department’s Bureau of Labor Statistics said Friday in its highly watched employment report. The March figures have been revised up, with the number of people employed rising by 315,000 from 303,000 reported earlier.
