At this moment, we need to focus our attention on the latest real-time investment news of the day.*
In April, the U.S. economy added more jobs than expected; however, due to President Trump's aggressive tariff policies increasing economic uncertainty, the total number of jobs still declined compared to the previous month
📌 Data released Friday by the U.S. Department of Labor's Bureau of Labor Statistics showed that nonfarm payrolls came in at 177,000 for the month, down from a revised 185,000 for March. Economists had previously expected 138,000.
*Meanwhile, the unemployment rate was 4.2%, unchanged from March.*
*Average hourly earnings rose 0.2% from a year earlier, down from 0.3% in March.
⭕ Although job growth is slowing, the labor market is still showing some resilience, with employers reluctant to lay off workers easily after the hiring difficulties they experienced during and after the New Crown epidemic.
That said, warning signs are accumulating.
➡️ Data released earlier this week showed that US job openings fell sharply in March to their lowest level in six months, with disappointing ADP private sector employment data alongside a sharp increase in weekly jobless claims.
➡️ In addition, the ISM manufacturing survey released on Thursday showed factory activity continued to contract in April, while first-quarter gross domestic product data showed a 0.3% contraction, which would have been almost unthinkable at the start of the year.
🔔 *The Federal Reserve will meet next week and is expected to leave borrowing costs unchanged when it releases its monetary policy statement.*
🔔 *After cutting rates by 1 percentage point last year, the Fed has kept its benchmark rate at 4.25%-4.5% so far this year.$ETC
