US payrolls rose more than expected in April, though the pace of hiring showed signs of deceleration compared to previous months.
The April jobs report added complexity to the Federal Reserve’s interest rate outlook. While the labor market remains resilient, the moderation in hiring growth could influence the Fed’s policy decisions in coming months.
Economists noted that the report suggests a labor market that is cooling but not collapsing, a scenario often described as a “soft landing” for the economy.