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Superior April Jobs Still Eclipsed By Iran War Burden
J.G. Collins · 2026-05-09 · via All Articles on Seeking Alpha

Summary

  • April’s private sector job creation of 115,000 exceeded expectations, but underlying economic indicators remain tepid and point to a slowing economy.
  • The Iran War has introduced significant volatility, driving up fuel and fertilizer prices, pressuring consumer spending, and increasing inflationary risks despite modest GDP growth.
  • Core PCE inflation is expected to remain elevated (2.5%–3.5%) through 2026, with the Fed likely holding rates steady unless war developments force emergency rate cuts.
  • Absent a clear resolution to the Iran conflict, ongoing economic headwinds and policy uncertainty are likely to sustain market volatility and a "risk off" investor stance.
Gulf States And US Ambassadors To UN Discuss Draft Resolution On Strait Of Hormuz

Spencer Platt/Getty Images News

NEW YORK (May 8) - The Bureau of Labor Statistics (BLS) today reported 115,000 new private sector jobs were created in April, according to the Establishment Survey, a collection of job creation data from businesses replying to the survey. The

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The views expressed, including the outcome of future events, are the opinions of the Stuyvesant Square Consultancy and its management only as of May 8, 2026. They will not be, and have not been, revised for events after this document was submitted to Seeking Alpha editors for publication, except to incorporate editor's comments. Statements herein do not represent, and should not be considered to be, investment advice. You should not use this article for that purpose. This article includes forward-looking statements as to future events that may or may not develop as the writer opines. Before making any investment decision, you should consult your own investment, business, legal, tax, and financial advisers. We associate with principals of Technometrica, co-publishers of the TIPP Economic Optimism Index, on survey work in some elements of our business.

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