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Surprising jobs report complicates Fed rate-cut bet
Key takeaways
- Surprising jobs report complicates Fed rate-cut bet Mary Helen Gillespie Sun, May 10, 2026 at 12:17 AM GMT+7 8 min read.
- Despite rising energy costs fueled by the Iran War, U.S. employers added more jobs than expected for a second month and theunemployment rate held steady in April, the Bureau of Labor Statistics reported May 8.
- Nonfarm payrolls rose 115,000 last month after an even bigger surge in March, marking the strongest two-month increase since 2024.
Surprising jobs report complicates Fed rate-cut bet Mary Helen Gillespie Sun, May 10, 2026 at 12:17 AM GMT+7 8 min read. The surprisingly stable April jobs report just made incoming Federal Reserve Chair Kevin Warsh’s cues from the White House to slash interest rates next month a good deal more difficult to execute.
Despite rising energy costs fueled by the Iran War, U.S. employers added more jobs than expected for a second month and theunemployment rate held steady in April, the Bureau of Labor Statistics reported May 8.
Nonfarm payrolls rose 115,000 last month after an even bigger surge in March, marking the strongest two-month increase since 2024.
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