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Macro EconomyMedium•8 May 2026•

1 min read

US Jobs Growth Crushes Estimates as Iran Diplomacy Hopes Boost Markets

Key Facts

1The US economy added 115,000 jobs in April, more than double the expected 62,000.

2Reports indicated progress on a 14-point plan to set parameters for nuclear and sanctions negotiations between the US and Iran.

The US labor market demonstrated unexpected resilience in April, adding 115,000 jobs and significantly outperforming the consensus estimate of 62,000. This robust economic data coincided with reports of diplomatic progress on a 14-point framework intended to facilitate nuclear and sanctions negotiations between the US and Iran. Market sentiment reacted positively to these dual catalysts, driving the S&P 500 up by 0.8% during trading sessions. The rally was particularly evident in the semiconductor sector, with Micron and Intel leading the gains as investors embraced risk-on assets. Analysts suggest that the combination of a strong labor market and potential geopolitical de-escalation is overshadowing immediate concerns regarding energy prices and inflation.