Job Market Resilience Amid Trade War

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labor market

PBS

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Business

Business & Economics

Employers added a surprising 177,000 jobs, unemployment remains low, as job market shows resilience

Summary

Nutrition label

77% Informative

Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations for a modest 135,000 .

The unemployment rate remained at a low 4.2 percent , the Labor Department reported Friday .

Transportation and warehousing companies added 29,000 jobs last month , suggesting companies have been stocking up before essential, imported goods are hit with a wave of new tariffs.

Fed typically fights inflation with higher interest rates, so it is unlikely to cut its key short-term rate anytime soon.

It might change course and reduce rates if layoffs spiked and unemployment rose, but Friday ’s report suggests that isn’t happening yet.

Fed chair Jerome Powell has underscored that the duties are likely to push up prices in the coming months .

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Informative language

Neutral language

Article tone

formal

Language

English

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Offensive language