0517 GMT - U.S. payrolls data for April supports the Federal Reserve's view that the labor market is stable and that the Fed can focus on upside risks to inflation for now, SEB's Elisabet Kopelman and Olle Holmgren say in a note. Employment growth exceeded expectations, the unemployment rate was steady and earnings growth was muted, they say. "Increasing energy prices may become more of a challenge to the labor market going forward, but for now the data adds to the picture of a resilient U.S. economy," say U.S. economist and Fed watcher Kopelman and chief Sweden strategist Holmgren. Nonfarm payrolls data showed 115,000 jobs were added in April, more than the 55,000 expected in The Wall Street Journal's poll, while the unemployment rate remained at 4.3%, in line with expectations. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 01:17 ET (05:17 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.