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Macro EconomyMedium•8 May 2026•

1 min read

US Job Growth Surpasses Expectations with 115k Non-Farm Payrolls in April

Key Facts

1US non-farm payrolls grew by 115k in April, significantly exceeding the consensus forecast of 65k.

2March employment data was revised upward to 185k from the initial release of 178k.

The US labor market demonstrated unexpected resilience in April as non-farm payrolls grew by 115k, significantly exceeding the consensus forecast of 65k. This robust performance was accompanied by an upward revision of March employment data to 185k, up from the previously reported 178k. The growth was primarily driven by the services sector, specifically within trade and transport, marking the first back-to-back monthly gains in over a year. These figures indicate stronger-than-anticipated momentum in the US economy, potentially reinforcing hawkish expectations for the Federal Reserve. The significant beat of 50k over consensus typically strengthens the USD as the labor market remains tight. Overall, the report highlights a stable employment structure despite broader macroeconomic challenges.