The April jobs report showed strong resilience in the US labor market despite President Trump’s recent “Liberation Day” tariff announcements.
The economy added 177,000 jobs (exceeding the expected 138,000), while unemployment remained steady at 4.2%.
Wage growth was slightly lower than expected.
Transportation and warehousing sectors saw significant job increases, while federal government employment decreased.
The Federal Reserve is unlikely to cut interest rates soon, as the job market appears stable. However, economists note this report may not fully reflect potential impacts from the April 2nd tariff announcements, as the data collection period largely preceded them.