FX.co ★ US April Nonfarm Payrolls Slow Sharply to 115K, Undershooting March Figures

The U.S. labor market showed a marked loss of momentum in April, as nonfarm payrolls increased by 115,000 jobs, down from 178,000 in March 2026. The latest data, updated on 8 May 2026, points to a softer pace of hiring in the world’s largest economy during the month.

The April reading suggests a noticeable cooling compared with March, when payroll gains had reached 178,000. While still indicating job growth, the weaker figure may raise questions among investors and policymakers about the durability of the labor market’s recent strength and its implications for future economic performance.

Market participants will now be watching upcoming labor and inflation data closely to assess whether April’s slowdown is a one-off or the start of a more sustained moderation in U.S. employment growth.