April Jobs Report: Job Growth Exceeds With 115K Added

April payrolls rose by 115,000, exceeding expectations and indicating the labor market remained firmer than anticipated. The report suggests a return to trend after two prior months were skewed by health care hiring. The release is important macro data, but the brief note does not indicate a major surprise large enough to imply an outsized market move.

Analysis

April payrolls rose by 115,000, exceeding expectations and indicating the labor market remained firmer than anticipated. The report suggests a return to trend after two prior months were skewed by health care hiring. The release is important macro data, but the brief note does not indicate a major surprise large enough to imply an outsized market move.