US adds 115,000 jobs in April
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By Michael S. Derby NEW YORK, May 8 (Reuters) - Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation.
US nonfarm payrolls rose by 115,000 in April, beating forecasts. Unemployment rate held steady at 4.3% as wage growth slowed. Healthcare, retail and transport led hiring while information jobs declined.
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The data, published by the US Bureau of Labor Statistics (BLS), also showed the unemployment rate was unchanged at 4.3%. The closure of the Strait of Hormuz in response to US and Israeli strikes on Iran has sparked a global energy shock, pushing up the price of gasoline for American consumers.