分析：US April nonfarm payrolls add 115,000, beating expectations for second straight month

Odaily 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, beating 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 jobs 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 are growing within the Federal Reserve on how to respond to the energy shock caused by the Iran war, with policymakers debating its potential impact on the economy.

Some officials worry that rising inflation could be accompanied by a climbing unemployment rate, forming a stagflationary pattern, as consumers cut spending, leading employers to lay off workers. Cleveland Fed President Hammack said on Thursday that if businesses see demand for their products is no longer strong, it could mean they will reduce hiring.

For now, basically everyone who wants a job can find one. But if demand-side pressure mounts, then the employment side of the Fed's mandate could be at risk. Therefore, there is significant uncertainty at present. (Jinshi)