April jobs report shows modest hiring slowdown but still solid labor market
Downward revisions for March and February job gains add a worrying edge to a better-than-expected April employment report.
The U.S. economy had another outsized month of new job gains in April, but downward revisions to prior estimates suggest some modest easing in the labor market ahead of the impact of tariffs and government-workforce cuts in coming months.
The Bureau of Labor Statistics reported 177,000 new jobs were created in April, a tally that topped Wall Street's 138,000 forecast and the downwardly revised March reading of 185,000. February's total was revised lower to a gain of 85,000.
