US Job Market Shows Modest Growth as Unemployment Remains Steady

The US labor market saw a modest 177,000 jobs added in April, exceeding expectations but marking a slowdown compared to previous months. This growth was primarily driven by healthcare, transportation, and financial activities, while government and manufacturing sectors experienced declines. The unemployment rate held steady at 4.2%, signaling continued job security for many Americans. However, the revisions of February and March’s jobs figures, down by 58,000 combined, raise questions about the long-term sustainability of this growth pattern.