dnewsgroun profile
Ground News
@dnewsgroun

U.S. employers added 177,000 jobs in April, surpassing expectations of 133,000 despite concerns about economic fallout from President Donald Trump’s new tariffs. The unemployment rate held steady at 4.2%, while broader underemployment dropped slightly to 7.8%. Wage growth came in below forecast, with average hourly earnings rising 0.2% on the month and 3.8% year-over-year.⁠

Health care led hiring with 51,000 new jobs, followed by gains in transportation, warehousing, financial services, and social assistance. Manufacturing posted a minor loss of 1,000 jobs. Federal government employment fell by 9,000, attributed to Trump’s initiative with Elon Musk and the Department of Government Efficiency to cut public sector payrolls. Revisions reduced prior job growth estimates for February and March by a combined 58,000.⁠

Market reactions included a rise in stock futures and Treasury yields, as traders delayed expectations for a Federal Reserve rate cut until July. “Job numbers remain very strong,” said Seema Shah of Principal Asset Management, though she warned of possible weakening if tariffs persist. Trump responded to the data on Truth Social, stating, “NO INFLATION, THE FED SHOULD LOWER ITS RATE!!!”⁠

​​​🔗Head to our bio to download the Ground News app and read the full story as reported by 139 sources.

U.S. employers added 177,000 jobs in April, surpassing expectations of 133,000 despite concerns about economic fallout from President Donald Trump’s new tariffs. The unemployment rate held steady at 4...
Related Posts