U.S. Adds 177,000 Jobs in April, Unemployment Rate Steady at 4.2%

The U.S. jobs market showed resilience in April, with the addition of 177,000 jobs, surpassing analyst estimates of 130,000 and March's revised figure of 185,000.

Key data points:

Unemployment rate held steady at 4.2%, matching forecasts.
Bitcoin price was $96,700 following the report.
U.S. stock futures gained, with Nasdaq 100 and S&P 500 each up by 0.7%.
Expectations for Federal Reserve rate cuts may temper, with only a 60% chance of a cut in June now priced in.
U.S. 10-year Treasury yield increased by four basis points to 4.27%.
Average hourly earnings rose by 0.2%, below the forecast of 0.3%. Year-over-year earnings growth was 3.8%, slightly below the expected 3.9%.