The April jobs report from the U.S. Bureau of Labor Statistics (BLS),
Payroll employment edges up by 115,000 in April; unemployment rate unchanged at 4.3%
My favorite paragraph,
Federal government employment continued to decline in April (-9,000). Since reaching a peak in October 2024, federal government employment is down by 348,000, or 11.5 percent.
The BLS makes clear that this decline is not the artifact of any government shutdown.
As for the overall numbers, the report came in higher than expected. So far this morning, the stock market (S&P 500 index) is in record territory.
