After a year of whiplash, U.S. jobs market is stabilizing

The US labor market is stabilizing after a year of whiplash, with employers adding 115,000 jobs in April and the unemployment rate holding steady between 4.3% and 4.5% for 10 straight months. The labor market is showing signs of stability despite headwinds, including an energy shock from the Iran war. However, warning signs in the underlying data suggest a more fragile environment.