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Posted on 05/08/2026 8:38:33 AM PDT by SeekAndFind
Job creation topped muted expectations in though the plodding U.S. labor market sent up several flags for a potential slowdown this year, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose by a seasonally adjusted 115,000 for the month, down from the 185,000 created in an unusually strong March, but better than the 55,000 forecast in the Dow Jones consensus estimate.
The unemployment rate held at 4.3%, further proof that the labor market has reached a point where only modest job creation is needed to keep the jobless level steady, given little growth in the labor force.
Average hourly earnings, another closely watched metric of labor market health, came in lower than expected, increasing 0.2% for the month and 3.6% on an annual basis, compared with respective estimates for 0.3% and 3.8%.
However, the month also saw another drop in the labor force and a decline in tech-related jobs in the low-hire low-fire environment that has prevailed since the early part of 2025.
The report shows the labor market has been “pretty much stable for a year, year and a half,” Austan Goolsbee, president of the Federal Reserve of Chicago, said in a CNBC interview. “I characterize that we’ve been stable without being good. ... The unemployment rate has been stable, the hiring rate’s been stable, the layoff rate’s been stable, the vacancy rate has been stable. So, I still think there’s not a lot of evidence that the job market is falling apart.”
Stocks opened slightly positive while Treasury yields were lower.
The report is “evidence of underlying resilience of this economy and of this labor market, despite all of the slings and arrows of outrageous concerns about the Middle East and unemployment and inflation and the Fed,” said Scott Clemons, chief investment strategist at Brown Brothers Harriman.
(Excerpt) Read more at cnbc.com ...
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CNBC... The Commie take on economics.
This is exactly the way the MSM reported good economic news back in 1983 and 1984.
Per the above, what’s really got Deep State’s shorts in a bunch...
“...Federal government employment continued to decline in April (-9,000). Since reaching a peak in October 2024, federal government employment is down by 348,000, or 11.5 percent...”
Huzzah!
“Federal government employment continued to decline in April (-9,000). Since reaching a peak in October 2024, federal government employment is down by 348,000, or 11.5 percent.”
If Biden was prez, the headlines would be “hiring blows past the estimates”…….
CNBC is a rat propaganda op masquerading as a financial news network.
No cuts on interest rates with job numbers like this. Higher for longer.
Yes and those grapes are sour anyway.
“Trump Announces Breakthrough Cure For Cancer, Raising Concerns For Healthcare Employment Prospects”
decline in tech-related jobs We are getting old and retiring.
Man inherits $1,000,000, raises “red flag” in Vegas...
Reagan used to mock the press about these types of headlines with the quip - “With all the good news, bad news must be just around the corner.”
And then you get the flip side when a Democrat is in office, and the press spins the bad news. Remember how Obama’s abysmal economy was spun into “Fun-employment” that allowed the unemployed to have more leisure time?
You can’t possibly hate The Lying, Dying Fake News Liberal Media - NO Lie They Won’t Tell nearly enough. On a positive note, both the Hague and Geneva Conventions recognize Propaganda Operations as legitimate Military Targets. Just sayin’.
unemployment rate — stable ✅
hiring rate — stable ✅
layoff — stable ✅
vacancy rate — stable ✅
US equity markets — near record highs ✅. Massive inflows into QQQ — the third-largest 21-day inflow on record — highlight renewed investor confidence after earlier outflows. Analysts point to AI-driven growth and megacap tech leadership as key factors sustaining the rally.
The Trump admin gets the good news, but with red flags.
The Biden admin got just the good [fake] news.
Yes think positive no matter what.
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