So, like, the U.S. just added 177K jobs in April, which was way more than peeps were expecting. The Bureau of Labor Statistics dropped that bomb on us, and analysts were only predicting like 130K jobs, so it was a nice surprise. The unemployment rate stayed at 4.2%, which was the same as March, and everyone was like, “Cool beans.”
After the whole tariff drama, where markets went cray cray, things seemed to settle down a bit. The stock market was doing better, and even bitcoin was chill at $96,700 after the news broke. People were feeling pretty good about the job market, and the Nasdaq 100 and S&P 500 were both up by 0.7% – not too shabby, right?
The report this morning might make peeps rethink the whole Fed rate cut situation. Like, before this, everyone was thinking maybe a rate cut in June was on the cards, but now it seems less likely. The 10-year Treasury yield went up to 4.27% after the good job numbers came out, so that’s something to think about, I guess.
In April, average hourly earnings were up by 0.2%, which was a bit lower than expected, but hey, it’s still an increase. On a year-over-year basis, earnings went up by 3.8%, which was slightly below what analysts were predicting. Not really sure why this matters, but hey, it’s in the report, so there you go.
Overall, things seem to be looking up in the job market, which is always a good sign. Not saying it’s all rainbows and unicorns, but hey, it’s better than nothing, right? Let’s see how things play out in the coming months.
