US employers were firmly hired in April, showing continued confidence in the economy even if President Donald Trump's tariffs for US trade partners put consumers and investors shaking.
The economy added 177,000 jobs, only the tick was lower than in March 185,000 and much higher than 135,000 economists were expected. More employment growth took place in health, transport and storage and financial services.
In April, the employment of the Federal Government decreased by 9,000 in April as part of the continuing efforts of the Trump administration to reduce federal jobs. Since January, federal payrolls have decreased by 26,000. (Paid holiday workers are taken into account as the data used in the data.)
The unemployment rate remained 4.2%. The labor force, which includes working people and people looking for work, grew by 518,000.
The increase in wages was flat, the average hourly income increased by 3.8%a year ago.
The job report is among the first difficult data after the announcement of the early April tariffs of Trump and shows that at least for the moment, complaints of companies and consumer pessimism are not to slow down hiring on the disturbing nature of tariffs.
A study in which the job report is based in mid -April, a week after “Liberation Day” tariffs.
“In other words, the founding poll and household study were conducted during a week where companies had extreme uncertainty,” said Torsten Sløk, Apollo's chief economist this week.
One of the reasons may be the experience of companies at the beginning of the Pourse Pandemic in 2020, when employers only put millions of employees when the most difficult labor market is needed for decades.
“They shot these people and had a hell of a hell of getting back to work,” Brian Bethune, an economist at Boston College, told the Associated Press. “So now the unemployment rate and the number of people who have made the claims of the unemployed compensation every week are low according to historical standards.”
This story was originally reflected on Fortune.com
