The US economy added 253,000 jobs in April, surpassing expectations despite a slower economic growth rate.
Private job growth was particularly strong, exceeding predictions by 70,000 jobs, while the unemployment rate remained at a steady 3.4%.
Average hourly earnings also saw a slight increase, up 0.2% from February and 4.4% year over year.
Labor force participation remained steady as well, with a slight improvement to 62.6%.
The news caused interest rates to rise, with yields on 20 and 30-year bonds increasing.
However, pre-opening equities remained down by about half a percent.
Overall, the April jobs report provides some positive news for the US economy, despite ongoing challenges.
