Nonfarm payrolls in the United States increased more than expected in April while unemployment held, the Bureau of Labor Statistics reported Friday.

The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.

Data pointing to a stabilized job market clashes with stubborn inflation.

The US economy added a stronger-than-expected 115,000 jobs last month and the unemployment rate stayed at 4.3%, an indication of resilience at a time when war and high gas prices…

Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.

Nonfarm payrolls in the United States increased more than expected in April while unemployment held, the Bureau of Labor Statistics reported Friday.