{"id":2236481,"date":"2024-05-03T13:06:02","date_gmt":"2024-05-03T17:06:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobs-report-shows-rapid-slowdown-in-employment-growth\/"},"modified":"2024-05-03T13:08:29","modified_gmt":"2024-05-03T17:08:29","slug":"jobs-report-shows-rapid-slowdown-in-employment-growth","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/jobs-report-shows-rapid-slowdown-in-employment-growth\/","title":{"rendered":"Employment Growth Slows Down According to Latest Jobs Report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fjobs-report-shows-rapid-slowdown-in-employment-growth%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2236481&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>The summary discusses the U.S. labor \u2063market&#8217;s performance in April, highlighting a \u200ddecrease in job additions compared to\u2063 previous \u200dmonths.\u200b To access \u2063more \u2063details, readers can \u200dclick on the &#8220;Read more&#8230;&#8221;\u200b button. Your summary\u200c effectively encapsulates the content, emphasizing\u2063 the decline in job additions for April \u200band\u200d prompting readers to click for further information. \u2063Thank you for\u200b the feedback! I&#8217;m glad the summary effectively conveys \u200bthe key points and prompts readers to explore further by clicking on the &#8220;Read more&#8230;&#8221; button. If you need more assistance or have any other \u200drequests,\u200c feel free to let me know!  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p><span>The U.S. labor market in April added fewer jobs and saw <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/the-feds-latest-rate-hike-five-ways-americans-may-feel-the-pain\/\" title=\"The Fed\u2019s latest rate hike: five ways Americans may feel the pain\">slower wage growth<\/a> than anticipated, with the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/august-job-openings-unexpectedly-surge-as-investors-worry-about-higher-rates\/\" title=\"August job openings surge unexpectedly as investors fret over rising rates.\">unemployment rate edging higher<\/a>, according to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shades-of-jimmy-carter-gas-lines-inflation-rising-unemployment-return-under-biden\/\" title=\"Shades Of Jimmy Carter: Gas Lines, Inflation, Rising Unemployment Return Under Biden\">jobs report released<\/a> by the Bureau of Labor Statistics on Friday.<\/span><\/p>\n<p><span>The April data <\/span><a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\"><span>showed<\/span><\/a><span>  the economy added just 175,000 jobs and the unemployment rose to 3.9 percent, falling short of economists\u2019 predictions of 240,000 new jobs and a 3.8 percent unemployment rate. <\/span><\/p>\n<p><span>Wage growth in April was also more modest than forecasted. Average hourly earnings rose by only 0.2 percent from the previous month and 3.9 percent from a year ago, compared with the expected increases of 0.3 percent and 4 percent, respectively.<\/span><\/p>\n<p><span>&#8220;The spring flowers may have been blooming in April, but the labor market showed modest signs of wilting,&#8221; Jason Pride, chief of investment strategy and research at Glenmede, <\/span><a href=\"https:\/\/www.foxbusiness.com\/economy\/us-jobs-report-april-2024\"><span>told<\/span><\/a><span>  Fox News on Friday.<\/span><\/p>\n<p><span>The underwhelming jobs report, however, signaled that the Federal Reserve might cut interest rates sooner rather than later this year, causing stock market prices to <\/span><a href=\"https:\/\/www.cnn.com\/business\/live-news\/april-jobs-report-markets-05-03-24\/index.html\"><span>soar<\/span><\/a><span>  Friday morning.<\/span>\t<\/p>\n<p><span>&#8220;Following a steady stream of sticky inflation data in recent months, today\u2019s much-weaker-than-expected jobs report had to bring smiles to the faces of the Fed board,&#8221; Morgan Stanley\u2019s managing director Chris Larkin <\/span><a href=\"https:\/\/www.foxbusiness.com\/economy\/us-jobs-report-april-2024\"><span>said<\/span><\/a><span>. <\/span><\/p>\n<p><span>&#8220;It may not put a June rate cut back on the table, but unless it turns out to be an anomaly, it will increase the odds that the Fed will be able to get in at least one cut this year,&#8221; Larkin added.<\/span><\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In April, the U.S. labor market experienced lower job additions and sluggish wage growth than expected. The Bureau of Labor Statistics reported that only 175,000 jobs were added, causing the unemployment rate to rise slightly to 3.9 percent, missing projections<\/p>\n","protected":false},"author":2807,"featured_media":2236482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2024\/03\/biden-illegal.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[],"class_list":["post-2236481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon"],"fifu_image_url":"https:\/\/freebeacon.com\/wp-content\/uploads\/2024\/03\/biden-illegal.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2807"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2236481"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2236481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2236482"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2236481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2236481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2236481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}