US Adds 115,000 Jobs in April, Unemployment Rate Holds

• US April nonfarm payrolls rose by 115,000 (est. +65k), with the unemployment rate holding at 4.3% (est. 4.3%).
• Average hourly earnings increased by 0.2% month-over-month (est. +0.3%), and the labor force participation rate slightly dropped to 61.8%.
• The Fed considers the report 'not inflationary' and 'very stable,' contributing to a rise in S&P, Nasdaq, and Russell 2000 futures.

The US April jobs report revealed stronger-than-expected nonfarm payroll growth of 115,000, while the unemployment rate remained unchanged at 4.3%. Average hourly earnings rose less than anticipated, leading the Fed to view the labor market as stable and non-inflationary, which positively impacted futures markets.