On April 4, the number of jobs added in the US economy in March far exceeded expectations. However, under declining business confidence and stock market sell-offs, Trump's tariff policies may test the labor market's resilience in the coming months. Non-farm employment increased by 228,000 jobs in March. The unemployment rate rose from 4.1% in February to 4.2%. Economists anticipate that the impact of reciprocal tariffs may become apparent in the April employment report. As consumers curl up amid price increases, retail employment is most likely to decline. Financial markets expect the Federal Reserve to resume rate cuts before June, after pausing its policy easing cycle in January. (Jinshi)
U.S. job growth exceeds expectations in March
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