U.S. job growth in April exceeded expectations with a 177,000 increase in nonfarm payrolls, surpassing the Dow Jones estimate of 133,000.
The unemployment rate remained steady at 4.2% with 'full employment' typically associated with a rate between 4% to 5%.
Key sectors like health care, transportation, warehousing, financial activities, and social assistance contributed to job gains.
The Federal government reported a loss of 9,000 jobs, while the report precedes the Federal Reserve policy meeting and indicates a strong U.S. position in tariff negotiations with China.