The US economy delivered an unexpected surprise in April after new government data revealed that American businesses created 115,000 new jobs — far more than experts had predicted — despite growing fears surrounding the economic fallout from the ongoing US-Israel conflict with Iran.
Economists had expected a much weaker report as rising global tensions, surging oil prices, and uncertainty surrounding the closure of the Strait of Hormuz continued to shake markets around the world. Instead, the latest figures from the US Bureau of Labor Statistics painted a picture of an economy that remains surprisingly resilient under pressure.
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