U.S. job growth cooled off in April, which changed the narrative for the U.S economy, but it may not change the game for the Federal Reserve.
According to the U.S. Bureau of Labor Statistics released on Friday morning, the U.S. economy added 175,000 new jobs in April, down from 315,000 in March and well below the 243,000 economic analysts had expected. It's the lowest gain since October 2023, when the economy created 165,000.
Most of the job gains were in the healthcare sector (+56,000), social assistance (+23,000), and warehousing (+22,000).
