Reported 1 day ago
Despite fears of a slowdown due to recent tariff announcements, the U.S. labor market added 177,000 jobs in April, surpassing expectations of 133,000. The unemployment rate remained steady at 4.2%. However, economists warn that ongoing tariff uncertainties could hinder future hiring, with businesses exhibiting caution and consumer sentiment hitting a low. While certain sectors like transportation and healthcare saw job gains, significant shifts in employment policy and immigration are expected to complicate job market conditions in the coming months.
Source: YAHOO