By Augusta Saraiva | Bloomberg
Employment growth in the United States was robust in April and the unemployment rate remained stable despite a deep uncertainty about President Donald Trump’s trade policies, which economists expect hiring plans in the coming months.
The non -agitated wage bill increased by 177,000 months last after the revision of advances of two previous months, according to data from the Bureau of Labor Statistics on Friday. The unemployment rate was unchanged at 4.2%.
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The report suggests that the labor market continues to cool gradually, a sign that companies faced with increased uncertainty around prices and disorders on the financial markets have not significantly changed their job plans. Most economists provide that the weight of the impact of the samples will punish in the coming months.
“This is a good job report all around. The word” R “that the labor market demonstrates in this report is resilience, certainly not the recession,” said Oli Sonola, head of American economic research in Fitch Ratings, in a note. “For the moment, we must limit our enthusiasm in the future given the context of trade policies which will probably be an obstacle to the economy.”
US shares have increased and treasure yields increased after the press release, while the dollar remained lower. Investors also carried out expectations for interest rate reductions in the federal reserve in 2025.
The Fed officials said that they do not hurry to reduce rates until they have more clarity on the impact that administration policies will have on the economy, and should largely leave their benchmark unchanged at the next meeting from May 6 to 7 despite a report on Wednesday showing inflation decelerated in March.
While the American central bank is an independent institution, Trump has put it pressure to facilitate borrowing costs. He presented the fortified number of employment in a social media position after the report and repeated his call for rate drops: “No inflation, the Fed should lower its rate !!!”
The payroll gains were wide, led by an advance in health care. Transporting and storage of employment have increased the most since December, suggesting that an increase in imports and activity has strengthened the demand for labor while businesses rushed to get ahead of prices. Manufacturing, on the other hand, loses jobs because the sector has experienced the most steep contraction of production last month since 2020.
The federal government has reduced jobs for a third month – the longest sequence of this type since 2022 – reflecting the efforts of the Government Ministry led by Elon Musk to reduce federal workforce and reduce public spending.
What Bloomberg Economics says …
“We believe that the temperate time, the continuous deployment of the stimulation funds of the Biden era and the rate reductions of the Fed helped support the labor market of April. But we don’t think this force will last. This report arrives too early to seize the total jobs of the “Liberation Day” of President Donald Trump “prices.
– Anna Wong, Stuart Paul, Eliza Winger and Estelle or, economists
The government directs all American industries in terms of layoffs announced so far in 2025, the vast majority of 282,000 cuts being allocated to DOGE shares, said the company of Challenger, Gray & Christmas said. Economists argue that at least half a million American jobs could be at stake while federal spending reductions spread to entrepreneurs, universities and others that count on government financing.
The participation rate – the share of the population that works or is looking for work – reached 62.6% in April. The rate for those aged 25 to 54, known as privileged age workers, has reached the highest level in seven months.
Economists also pay particular attention to the way in which the offer and the dynamics of the labor supply have an impact on wage gains – in particular with the risks of inflation that heat up. The report has shown that average hourly profits increased by 0.2% last month, marking deceleration from March. For the past year, they have increased by 3.8%.
Other data point to a more marked deterioration under the conditions of the labor market. Job offers fell in March at the lowest level since September, and a private hiring report has shown that employers have added the least pay in nine months in April.
Economists largely expect layoffs to resume in the coming months, because economic uncertainty highlights expansion plans. United Bâl Service Inc. plans to reduce 20,000 jobs because it provides for lower demand for online purchases. Others, including Volvo Group and Cleveland-Cliffs Inc., also move to lose positions.
“This is the second day of the jobs of the consecutive president,” said Stephen Miran, who chairs the President’s economic advisers’ council, on Bloomberg TV. “And hard data continue to be OK.”
–Aude the help of Chris Middleton, Mark Niquette, Nazmul Ahasan, Jonathan Ferro and Annmarie Hordern.
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Originally published:
California Daily Newspapers
