Updated
Updated · Bloomberg · May 9US employers boost April payrolls beyond forecasts for second straight month
8 articles · Updated · Bloomberg · May 9
- Payrolls rose by 300,000 in April, official data showed, after an even bigger increase in March.
- The gain marked the strongest two-month increase since 2024, indicating the US labour market may be regaining momentum.
- The back-to-back upside surprises follow near-zero job growth last year, suggesting hiring conditions have improved more quickly than expected.
Amidst strong hiring but high inflation, is the US economy on a path to sustained growth or stagflation? With tech jobs falling and inflation rising, is the US economy creating sustainable prosperity or just low-wage roles? As AI creates and destroys jobs simultaneously, how can the workforce adapt to this fundamental shift in skills?