Analysis: US April nonfarm payrolls add 115,000, beating expectations for the second consecutive month

Odaily reported that data released by the U.S. Bureau of Labor Statistics on Friday showed the U.S. economy added 115,000 jobs in April, surpassing Wall Street expectations for the second consecutive month. This figure is lower than the upwardly revised 185,000 jobs added in March, but higher than the 65,000 expected by economists in an institutional survey.

In recent months, U.S. employment data has been volatile, swinging between significant gains and sharp declines, making it difficult for analysts to assess the overall health of the economy. Although the unemployment rate remains relatively low, divisions within the Federal Reserve are growing over how to respond to the energy shock triggered by the conflict with Iran, as policymakers debate its potential impact on the economy.

Some officials are concerned that rising inflation could coincide with a climbing unemployment rate, forming a stagflationary pattern as consumers cut spending, leading employers to lay off workers. Cleveland Fed President Beth Hammack stated on Thursday that if companies see demand for their products is no longer strong, it could mean they will reduce hiring.

For now, essentially everyone who wants a job can find one. However, if demand-side pressure mounts, then the employment side of the Fed's dual mandate could be at risk. Therefore, significant uncertainty currently exists. (Jin Shi)