Jobs report showed hiring slowed, but exceeded expectations - ABC13 Houston

The war continues to drive up gas prices, threatening a drag on the economy. Hiring slowed in April as a rise in fuel prices hammered shoppers weeks into the war with Iran , U.S. government data on Friday showed. The U.S. added 115,000 jobs in April, according to the report, which marked a cooldown from 178,000 jobs added in March. The reading for April exceeded economists' expectations. The unemployment rate held steady at 4.3% in April, the Bureau of Labor Statistics (BLS) said. Unemployment remains low by historical standards. The U.S. Bureau of Labor Statistics (BLS) collected the previous month's survey data through the second week of March, before the full effects of the oil shock set off by the war.