April payrolls underscore resilient U.S. labor market
U.S. nonfarm payrolls rose by 115,000 in April, outpacing forecasts, while the unemployment rate remained at 4.3%. The data supported market expectations that the Federal Reserve will keep interest rates steady after its recent decision to hold the policy rate in the 3.50%-3.75% range. Stocks advanced, Treasury yields declined, and the dollar weake…