The US economy added 253,000 nonfarm payrolls in April, beating estimates of 180,000, according to data from the Bureau of Labor Statistics. The unemployment rate fell to 3.4%, matching the lowest level since 1969, while wages rose 0.5%, more than the expected 0.3%, with annual gains of 4.4%, above the predicted 4.2%. The figures boosted the chances of the Federal Reserve raising interest rates again in June, while Wall Street opened higher following the report. Despite the positive news, previous months were revised down, with March's count lowered to 165,000, down from 236,000 initially.
Article: https://www.cnbc.com/2023/05/05/jobs-report-april-2023-job-growth-totals-25300-in-april.html
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