Business

US added 115K jobs in April, beating expectations

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by Sylvan Lane - 05/08/26 8:36 AM ET

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by Sylvan Lane - 05/08/26 8:36 AM ET

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FILE – A job seeker waits to talk to a recruiter at a job fair Aug. 28, 2025, in Sunrise, Fla. (AP Photo/Marta Lavandier, File)

The U.S. economy added 115,000 new jobs in April, according to data released Friday by the Labor Department, beating the expectations of economists.

The jobless rate held firm at 4.3 percent last month. Economists expected the U.S. to have added roughly 67,000 jobs in April, according to consensus estimates.

The April jobs numbers may be a reassuring sign for the U.S. economy amid rising gas prices and higher costs for U.S. households, largely driven by the war in Iran.

The average price of a gallon of gas rose above $4.50 this week, according to AAA, as President Trump and Iran struggle to lock down a lasting end to the war. Annual inflation as measured by the Federal Reserve’s preferred gauge crossed 3 percent in March, according to Commerce Department data, as higher fuel and food prices spread through the economy.

Trump administration officials have acknlowedged the high toll of rising gas prices while pointing to steady consumer spending as a sign of economic reslience.

“Credit card spending is through the roof,” National Economic Council Director Kevin Hassett told Fox Business’s Maria Bartiromo in a Wednesday interview.

“They’re spending more on gasoline, but they’re spending more on everything else too,” he continued.

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