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US payroll growth top forecasts with robust 177,000 addition

Augusta Saraiva / Bloomberg
Augusta Saraiva / Bloomberg • 2 min read
US payroll growth top forecasts with robust 177,000 addition
US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans. Photo: Bloomberg
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US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump's trade policy has yet to have a material impact on hiring plans.

Nonfarm payrolls increased 177,000 last month after the prior two months' advances were revised lower, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.2%.

US stock futures and Treasury yields rose following the release, while the dollar pared losses.

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