April saw 115,000 new payroll jobs but higher unemployment, Greg Ip notes

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08.05.2026

April saw 115,000 new payroll jobs but higher unemployment, Greg Ip notes — April payrolls up, U.S. unemployment rises

Greg Ip, industry influencer, points to an apparent disconnect in U.S. labor market trends. In his analysis of data for April, he notes that while there were 115,000 new payroll jobs added, the unemployment rate actually rose from 4.26% to 4.34%. Ip questions the notion that breakeven job growth has dropped to nearly zero, using the latest numbers to challenge that perspective.

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Ip recently moderated a panel on current account imbalances featuring leaders from the IMF and Bank of England, according to a previous announcement. In March, he reported that U.S. national debt rose to 100.2 percent of GDP for the first time, as noted in his coverage of fiscal data. These topics remain focal points alongside his latest labor market analysis.

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