U.S. payrolls jump more than expected, but the report had several red flags for the economy

Job creation topped muted expectations in though the plodding U.S. labor market sent up several flags for a potential slowdown this year, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose by a seasonally adjusted 115,000 for the month, down from the 185,000 created in an unusually strong March, but better than the 55,000 forecast in the Dow Jones consensus estimate. The unemployment rate held at 4.3%, further proof that the labor market has reached a point where only modest job creation is needed to keep the jobless level steady, given little growth in the labor force. Average hourly...