U.S. job growth exceeded expectations in March
2025-04-04 12:44:27
The U.S. economy added jobs much more than expected in March, but amid falling business confidence and a sell-off in the stock market, Trump's tariff policy could test the resilience of the labor market in the coming months. Non-farm payrolls added 228,000 jobs in March. The unemployment rate rose to 4.2 percent from 4.1 percent in February. Economists expect the impact of reciprocal tariffs could show up in the April jobs report. Retail payrolls are most likely to fall as consumers curl up amid rising prices. Financialmarekt expects the Federal Reserve to resume rate cuts by June after pausing its policy easing cycle in January.
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