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 loom large.
Recent data has pointed to a stabilizing job market.
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
Positive April job growth and a steady unemployment rate could shift the Fed's focus back to fighting inflation, even as labor market risks persist.
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
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…