April employment gains smaller than expected.

The Department of Labor's monthly employment report showed only 175,000 jobs added to non-farm payrolls in April. That was under the 243,000 trade expectation. It is also the lowest job gain in six months.

March's 303,000 estimate was revised up to 315,000

February's 270,000 estimate was revised down to 236,000

Unemployment hit 3.9% in February, lightly dipped to 3.8% in March and returned to 3.9% in April. This is the highest rate since January 2022.

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