US Labor Beats Support Soft Landing
Key Questions
What were the key US labor market figures for April?
Jobs added 115k beating 62k forecast, JOLTS cooled to 0.95, unemployment at 4.3%. This supports a soft landing narrative.
How does recent labor data align with inflation trends?
CPI/PCE diverge by +60bps with forecast 3.8%; resilient consumer and economy beat forecasts despite oil shocks, backing Fed hold into 2027.
What does the jobs surprise mean for the economy?
115k jobs beat reinforces US economy resilience, with labor market juicing growth amid inflation data expectations rising to 3.9%.
Apr jobs +115k beat (vs 62k), JOLTS 0.95 cooling, unemp 4.3%; CPI/PCE diverge +60bps fcst 3.8%, resilient consumer/econ vs oil shock/Fed hold into 2027.
Sources (2)
Updated May 11, 2026