U.S. payrolls rose 115,000 in April, exceeding expectations and marking a second
straight month of job gains, while unemployment held at 4.3%, signaling a
stabilizing labor market after weak hiring last year. The data support
expectations that the Federal Reserve can keep interest rates unchanged as
officials monitor inflation risks tied to the Iran war. Analysts are watching
whether higher inflation, weaker consumer sentiment and rising business costs
from the conflict will eventually weigh on hiring and consumer spending.
