The United States created 175 thousand jobs outside the agricultural sector in April, less than expected by analysts, according to payroll data released this Friday (3) by the Department of Labor.
The analysts’ estimate, according to the LSEG consensus, was the creation of 243 thousand jobs in the month.
The biggest job gains occurred in healthcare, social assistance, and transportation and storage.
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The unemployment rate was 3.9%, above the 3.8% of the previous month and also the rate expected by analysts. The unemployment rate has been in a narrow range between 3.7% and 3.9% since August 2023.
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The average hourly wage for all employees on nonfarm private payrolls increased 7 cents in April (+0.2% from March), $34.75. Over the past 12 months, average hourly earnings have increased by 3.9%.
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In April, the average hourly wage for private sector production workers and non-supervisory workers increased 6 cents (+0.2%) to $29.83.
There was a downward revision of the data released in February, with the number of vacancies created going from 270,000 to 236,000. But the March variation was revised upwards, from 303,000 vacancies to 315,000. With these revisions, employment in February and March combined was 22,000 lower than previously reported.
