Reported about 15 hours ago
In April, US private employers added just 62,000 jobs, significantly lower than the 115,000 expected, amid a 'difficult' hiring environment influenced by uncertainty in policies and consumer demand. This marked the smallest increase since July 2024, as employers grapple with economic conditions. The upcoming government jobs report is anticipated to show similar trends, with a steady unemployment rate of 4.2%. Additionally, job openings have decreased, reflecting a weakening labor demand.
Source: YAHOO