The U.S. labor market continued to show at least modest strength in April, according to data released Friday by the Bureau of Labor Statistics.
The economy added 115,000 jobs during the month, well above economists’ expectations of 62,000, but down from 185,000 in March (revised from the 178,000 initially reported).
The unemployment rate remained at 4.3%, in line with forecasts.
Bitcoin traded at $80,200 within minutes of publication, roughly flat over the past 24 hours. U.S. stock index futures added to earlier gains, with the Nasdaq 100 up 0.9%. The 10-year Treasury yield fell 2 basis points to 4.37%.
The report comes at a delicate time for markets and policymakers. The Federal Reserve last week left its benchmark federal funds rate range unchanged, between 3.50% and 3.75%, extending its hold stance as officials weigh slowing economic growth against lingering inflationary pressures.
The data also comes ahead of the nomination of a new Fed chairman, with Kevin Warsh expected to soon be confirmed by the Senate to replace Jerome Powell later this month.
Although off their peaks, oil prices remained high, with uncertainty around the Strait of Hormuz keeping energy markets on edge. Rising crude prices risk fueling overall inflation while also weighing on consumer spending and economic activity.
