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Friday, May 02, 2025
U.S. hiring remained sturdy in April as the economy added 177,000 jobs despite jitters over President Donald Trump's massive import tariffs and widening federal government layoffs. Ahead of the report, economists forecast 135,000 job gains, according to a Bloomberg survey. The unemployment rate held steady at 4.2%, the Labor Department said Friday. "The R' word that the labor market is demonstrating in this report is resilience, certainly not recession," said Olu Sonola, head of U.S. economic research for Fitch Ratings. Expand article logo Continue reading So far this year, monthly job gains are averaging 143,000, down from 168,000 in 2024 but a solid figure in light of heightened uncertainty over the Trump administration's economic policies and stock market turmoil. |
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