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    <pubdata type="print" name="DailyStar" date.publication="20260510T000000+5.30" edition.name="Business" edition.area="BUS" position.section="DST10052604BUS-BIZBACK" position.sequence="4" ex-ref="DST10052604BUS-BIZBACK.indd" />
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		<lang class="3" colour="#000000" orgstyle="HEAD new" style="Headline1"  font="Blacker Pro Display" fontStyle="Bold" size="39">US job growth beats expectations but consumer confidence at all-time low </lang>
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="PHOTO new" font="Verdana" fontStyle="Regular" size="6">PHOTO: </lang>
<lang  class="3" style=".Bodylaser" colour="#000000" orgstyle="PHOTO new" font="Verdana" fontStyle="Bold" size="6">AFP</lang>
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<p style=".Bodylaser" ul="1" ol="0"  orgstyle="BY NAME LINE new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BY NAME LINE new" font="Blacker Pro Display" fontStyle="Bold" size="8">AFP, </lang>
<lang  class="3" style=".Bodylaser" colour="#000000" orgstyle="BY NAME LINE new" font="Blacker Pro Display" fontStyle="Italic" size="7">Washington
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	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">US employment rose more than expected in April, alleviating some concerns about the health of the world’s largest economy even as one measure of consumer confidence came in at its lowest-ever level.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">“Total nonfarm payroll employment edged up by 115,000 in April, and the unemployment rate was unchanged at 4.3 percent,” the US Bureau of Labor Statistics (BLS) said on Friday.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">US consumer confidence, however, was an all-time low according to a University of Michigan survey, with Americans weighed down by concerns about high prices and the fallout of the US-Israel war on Iran.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The university’s Index of Consumer Sentiment came in at 48.2 in May 2026, its lowest level since data collection began in 1952, according to the survey’s website.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Friday’s data illustrated the complicated issues faced by the US economy. Job growth has see-sawed between expansion and contraction for the last year, and inflation has remained stubbornly high since the pandemic.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">While April’s jobs data showed growth, economists have expressed concern that the zig-zagging employment data is due to underlying weakness in economic growth.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Nonetheless, the figure is likely to reassure Federal Reserve officials that they can hold interest rates steady for now, as surging energy costs due to the Iran war fan inflation fears.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Friday’s jobs data beat analyst expectations, with economists polled by Dow Jones Newswires and the Wall Street Journal expecting growth of 55,000.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The White House welcomed the new data, with spokesperson Kush Desai calling it “yet another sign that the American economy remains on a solid trajectory under President (Donald) Trump.”
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Bold" size="9">RELIANCE ON HEALTH CARE
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Last month’s jobs gains mainly came in the health care, transportation and warehousing, and retail trade sectors.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The health care sector has been a consistent performer as the US population ages, driving job growth over the last two years.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">In April, the sector’s gains were mainly in nursing and residential care facilities.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Transportation and warehousing rose in April, but was still down by 105,000 from its peak in February 2025.
</lang>
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<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Federal government employment continued to decline. Trump has taken a hatchet to the sector, shutting down entire agencies and pressuring workers to quit.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">Employment in the sector is down by 11.5 percent -- or 348,000 jobs -- from its peak in October 2024.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The information and computing sector continued a recent trend of contraction, down 11 percent from its most recent peak in November 2022.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The new BLS report also revised figures for February and March, showing 16,000 fewer jobs than previously reported.
</lang>
</p>
<p style=".Bodylaser" ul="0" ol="0"  orgstyle="BODY new">
	<lang class="3" style=".Bodylaser" colour="#000000" orgstyle="BODY new" font="Blacker Pro Display" fontStyle="Regular" size="9">The US unemployment rate has remained relatively steady around 4.3 percent despite the tumult in labor demand, with economists attributing it to a drop in labor supply.
</lang>
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