00:00It's Benzinga, bringing Wall Street to Main Street.
00:02U.S. employers added 115,000 jobs in April, beating economists' estimates of 65,000,
00:09according to CBS News. The unemployment rate held steady at 4.3 percent.
00:14Healthcare, transportation, and warehousing led job growth with 37,000 and 30,000 new jobs,
00:21respectively, while federal employment fell by 9,000. March payroll gains were revised to 185,000,
00:29while February job losses were revised lower by 23,000 to 156,000.
00:35Employers added an average of 48,000 jobs per month from February through April,
00:40down from 61,000 over the previous three months.
00:43Challenger Gray and Christmas said employers cut around 300,000 jobs this year,
00:48about half the level from the same period last year.
00:51One in four companies cited artificial intelligence as a reason for layoffs in April.
00:56Economists said the stronger labor market could lead the Federal Reserve to delay interest rate cuts
01:01as oil prices and inflation remained elevated amid the Iran war.
01:05For all things money, visit Benzinga.com.
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