00:00The U.S. economy added 115,000 jobs in April, beating forecasts and signaling continued
00:06resilience in the labor market. The unemployment rate held steady at 4.3 percent,
00:11easing fears that higher oil prices and global instability would immediately slow hiring.
00:17Healthcare, transportation, retail and warehousing sectors led the gains,
00:22while federal government employment and parts of the tech sector continued to shrink.
00:26Investors reacted positively to the report, with analysts saying the stronger-than-expected
00:31hiring data reduces pressure on the Federal Reserve to cut interest rates anytime soon.
00:37Economists caution that inflation, tariffs and rising fuel prices
00:40could still weigh on hiring activity later this summer.
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