U.S. April nonfarm jobs rise by 115,000, strengthening cautious rate-cut view

U.S. nonfarm payrolls increased by 115,000 in April, extending the recent rise in employment. According to the U.S. Bureau of Labor Statistics on May 8 local time, nonfarm jobs rose again after the previous month. It was the first time since May last year that payrolls had increased for two consecutive months. The continued gains suggest that caution is needed before concluding that the U.S. labor market is slowing sharply. As a result, the view that policymakers should check more economic data before rushing to cut interest rates is gaining support. Source: mk.co.kr