The US economy showed signs of resilience with 177,000 new jobs added in April, a robust pace that countered deepening uncertainty surrounding President Donald Trump’s trade policies. Economists expect these policies to negatively impact hiring plans over the coming months due to ongoing trade tensions.
Despite the uncertainty, the unemployment rate held steady at 3.6%, indicating labor market health. This stability may be attributed to various factors such as low inflation and strong consumer spending. However, experts warn that if trade policies continue to disrupt global markets, it could negatively affect businesses’ hiring decisions in the short term.
Source: https://www.bloomberg.com/news/articles/2025-05-02/us-payroll-growth-top-forecasts-with-robust-177-000-addition