The growth of employment in the United States slowed marginally in April, but The prospects for the labor market are increasingly darkened as President Donald Trump’s aggressive tariff policy increases economic uncertainty.
Non -agricultural payrolls increased by 177,000 jobs last month, after climbing in a drop in 185,000 in March, On Friday the office of labor statistics of the Department of Labor in an expected report said.
Economists consulted by Reuters had predicted an increase of 130,000 jobs last month, after the progress of 228,000 March. Estimates ranged between 25,000 and 195,000 jobs.
The economy needs to create about 100,000 jobs per month to maintain the growth rate of the population of working age. The unemployment rate remained at 4.2%.
The report is retrospective and is too early for the labor market to show the impact of Trump’s tariff policy.
An avalanche of imports while companies tried to get ahead of tariffs, the economy was struck in the first quarter.
The labor market continues to resistance in the midst of the reluctance of employers to fire workers after the difficulties in finding labor during and after the Covid-19 pandemic, but the alarm signals accumulate.
Business confidence continues to be bitten, what economists expect that at some point give way to dismissals. The airlines have already withdrawn their financial forecasts by 2025, claiming uncertainty about non -essential trips because of tariffs.
In the midst of the uncertainty whirlwind, the Federal Reserve is expected to maintain its reference interest rate to one day in the range of 4.25% -4.5% next week. Economists expect companies to reduce hours before resorting to mass layoffs.
Most economists anticipate that the ballast of tariffs could become evident before boreal summer in the so -called hard data, including reports on employment and inflation.
