Breaking down the April jobs report by industry.

• US added +115,000 jobs in April (estimated +65,000).
• Unemployment rate held steady at 4.3%, average hourly earnings YOY at 3.6% (estimated 3.8%).
• Information jobs saw a decline of -13,000, with motion picture/sound recording down -6,000, telecom down -3,000, and computing infrastructure/web hosting down -4,000. Total information employment is down 11% since November 2022.
• Government jobs decreased by -8,000.
• Healthcare added +53,900 jobs, continuing its trend as a main engine of job creation.
• Transportation & warehousing saw a gain of +30,300 jobs.

The April jobs report showed the US added 115,000 jobs, significantly exceeding the estimated 65,000. While the unemployment rate held steady at 4.3%, and average hourly earnings grew slower than expected, there were notable job losses in the information and government sectors, offset by strong gains in healthcare and transportation & warehousing.