
U.S. employers added 115,000 jobs in April and the unemployment rate held at 4.3%, showing the labor market remains more resilient than many expected. The report noted that the economy is already facing headwinds from rising fuel prices, tariffs and tighter immigration rules, and that effects from the war in Iran are starting to appear. The stronger-than-expected payrolls print could reinforce policymakers’ caution on interest rates and helps explain the market sensitivity to both geopolitical developments and central bank policy.
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