The latest U.S. employment data reveals a slowdown in hiring, with the unemployment rate rises, reflecting a cautious job market before the anticipated effects of President Donald Trump’s sweeping tariff measures take hold.
The latest jobs report from the Bureau of Labor Statistics shows the total nonfarm payroll employment rising by 228,000 in March.
Despite this dip, the unemployment rate rises to 4.2%, reflecting a stable labor market before the effects of President Donald Trump’s new tariff measures take hold.
Financial markets remain volatile, as fears of economic slowdown persist following Trump’s stronger-than-expected tariff stance.
On Thursday, the S&P 500 dropped nearly 5%, with investors increasingly worried about recession risks. Analysts had been watching the jobs data to gauge potential labor market resilience amid policy uncertainty.
Wage growth remained steady, with average hourly earnings up 0.3% month-over-month and 4% year-over-year. Average weekly hours increased slightly to 34.2, indicating stable employment levels despite slower hiring. Meanwhile, initial jobless claims fell to 219,000, signaling that layoffs remain low.
Economists caution that the full impact of the tariffs might not yet be evident, with many predicting more pronounced effects in the second quarter. Some suggest that businesses may have already slowed hiring in anticipation of potential disruptions, reflecting growing caution in the current economic climate.
Author
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
