Employers added 115,000 jobs in April, blowing past forecasts

TL;DR

The U.S. labor market added 115,000 jobs in April, exceeding the forecast of 65,000.
The unemployment rate held steady at 4.3% in April.
Health care and transportation/warehousing sectors saw the most job growth.
Federal employment decreased by 9,000 jobs.
Layoffs have decreased compared to the previous year, with AI cited as a reason in about one in four cases.
Rising energy costs from the Iran war are a concern for potential economic slowdown and may lead the Federal Reserve to maintain current interest rates.
Inflation rose to 3.3% in March, largely due to increased gasoline costs.

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