"While we're certainly not in the robust labor market we were a few years ago (and there are present and near-future risks), things seem to be stable for now,"
"Renter warns that the labor market can't resist the impact of higher energy costs forever: "Businesses only have so much money, and when a growing percentage of it must go to oil and oil-adjacent inputs, there's less to go toward hiring, raising wages and expansion.""
"Employers added 115,000 jobs in April after a blockbuster gain of 185,000 jobs (revised upward) the previous month. Health care added 37,000 jobs, while employment in transportation and warehousing rose by 30,000 and retail trade increased by 22,000."
"The information sector lost another 13,000 jobs in April, extending a decline that has now erased 342,000 positions - 11% of the sector - since its peak in late 2022. April's losses continue a potential correction of pandemic-era overhiring, the early signs of AI impacting the labor market - or a combination of both."
Employers added 115,000 jobs in April after a revised 185,000 gain in the prior month. Labor conditions appear stable despite risks and a less robust hiring environment than in 2022. Health care remains a long-term anchor for job growth, but April gains were more broadly distributed, including increases in health care, transportation and warehousing, and retail trade. The information sector lost 13,000 jobs, extending a decline that has erased 342,000 positions since late 2022. Hiring has accelerated compared with 2025, while the unemployment rate has stayed within a narrow 4.3% to 4.5% range. Higher energy costs may reduce funds available for hiring and expansion.
Read at Axios
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