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Market
Will job additions exceed 175,000 in June 2024?
5
Resolution / Starting Odds
Job additions exceed 175,000 • 50%
Job additions do not exceed 175,000 • 50%
U.S. Bureau of Labor Statistics monthly report
Story
U.S. April Job Growth Slows to 175K, Unemployment at 3.9%, Earnings Up 3.9%
May 3, 2024, 12:40 PM
In April, the U.S. economy added 175,000 jobs, significantly below the anticipated 240,000, marking a slowdown in employment growth compared to previous months. The unemployment rate slightly increased to 3.9%, up from the previous 3.8%. The job additions for April were notably less than the 303,000 jobs reported in March, with revisions subtracting a net 22,000 jobs from February and March. Average hourly earnings grew by 0.2% month-over-month, which was below the expected 0.3% increase, and year-over-year earnings grew by 3.9%.
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