US employers add 115K jobs in April — another surprisingly strong report despite Iran war

Hiring was surprisingly strong in April for the second straight month, suggesting the labor market is still holding up despite higher energy costs tied to the Iran war. The report is modestly positive for the macro outlook and may temper near-term recession concerns, though it also keeps attention on geopolitics-driven energy pressures.

Analysis

Hiring was surprisingly strong in April for the second straight month, suggesting the labor market is still holding up despite higher energy costs tied to the Iran war. The report is modestly positive for the macro outlook and may temper near-term recession concerns, though it also keeps attention on geopolitics-driven energy pressures.