U.S. Jobs Report April 2026: Labor Market Remains Stable as Hiring Slows and Underemployment Rises

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The April 2026 U.S. Employment Situation Report shows a labor market that is still stable but gradually cooling. Employers added 115,000 jobs in April, while the unemployment rate stayed unchanged at 4.3%. Earlier job estimates for February and March were revised slightly lower, reducing previously reported payroll growth by a combined 16,000 jobs.



Most new hiring came from health care, social assistance, transportation and warehousing, and parts of retail. Health care added 37,000 jobs, especially in nursing care and home health services, while social assistance added 17,000. Transportation and warehousing gained 30,000 jobs, mainly from courier and delivery services. Retail added 22,000 jobs, helped by warehouse clubs and building supply stores. At the same time, some sectors continued to lose jobs. Information industries such as telecommunications and data processing lost 13,000 positions, and federal government employment fell by 9,000.

Although unemployment remained steady overall, there were signs of weaker conditions beneath the surface. The number of people working part-time because they could not find full-time work jumped by 445,000 to 4.9 million. The number of people recently unemployed also rose sharply. Labor force participation stayed flat at 61.8%, showing little change in how many Americans are working or looking for work.
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