The April jobs report revealed a mixed bag of employment figures, with the US economy adding 175,000 new jobs, a decrease from the previous month's 315,000. The unemployment rate rose to 3.9%, marking a two-year high, while wage growth cooled to 3.9%, the lowest in nearly three years. Despite the White House celebrating the new jobs, some economists, such as John Greenwood and Steve Hanke, predict a recession on the horizon due to the contraction in the money supply. Initial jobless claims remained steady at 208,000, and the dollar dropped as employers added fewer jobs than expected. The report also revised the number of jobs added in 2024 by a net total of 124,000.
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