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The Guardian - US
The Guardian - US
Business
Michael Sainato

US adds 175,000 April jobs as hiring slows and unemployment stays steady

Unemployment United States US Federal Reserve ADP
a red and white sign on a fence in front of a blue sky
A ‘now hiring’ sign at a business in Somerville, Massachusetts. Photograph: Brian Snyder/Reuters

Hiring in the US slowed in April with the workforce adding another 175,000 jobs and wage growth slowing.

The news cheered investors hoping that a cooling labor market will prompt the Federal Reserve to cut interest rates – which have been driven to a 20-year high as the US fights stubbornly high inflation. All the major US markets rose on the news.

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