US non-farm payrolls rise by 177,000 in April, March revised lower
By Alexander Bueso
Date: Friday 02 May 2025
(Sharecast News) - Hiring in the US slowed in April but by a bit less than expected.
According to the US Department of Labor, non-farm payrolls rose by 177,000, following a gain of 185,000 during the previous month.
Economists had forecast an increase of 138,000.
Worth noting, the previous month's gain was revised down from a preliminary print of 228,000 to 185,000.
Average hourly earnings rose by 0.2% month-on-month (consensus: 0.3%).
Private sector payrolls increased by 167,000, whilst government employment was up by 10,000.
Payrolls increased the most in Health Care and Social Assistance, rising by 58,200, while in Leisure and Hospitality they were up by 24,000.
Transportation and Warehousing saw a gain of 29,000.
The rate of unemployment, which is derived from a separate survey, was steady at 4.2%.
Commenting on the latest figures, economists at Oxford Economics said that: "Some of the underlying details of the April employment report were softer than the headlines, but overall, the data were strong enough to allow the Federal Reserve to remain on the sidelines as it monitors the impact of tariffs on inflation and inflation expectations."
Among other things, they highlighted the "surprise" jump in transportation and warehousing jobs, which they said was likely due to the front-running of tariffs.
As well, increases in the prime-age labour force participation rate and prime-age employment-to-population ratio suggested that while consumers' perceptions of the jobs market had worsened, they were not withdrawing in significant numbers.
-- More to follow --
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