U.S. job growth was strong and the unemployment rate held steady in April, suggesting that uncertainty over Trump's trade policies has yet to have a significant impact on hiring plans. Nonfarm payrolls rose by 177,000 in April after data from the previous two months were revised down, according to data released Friday by the U.S. Bureau of Labor Statistics. The unemployment rate remained unchanged at 4.2 percent. The report indicates that the labor market continues to cool gradually, indicating that businesses face high levels of uncertainty from tariffs and financial marekt turmoil without significantly altering their hiring plans. Most economists expect the impact of the punitive levies to be felt in the coming months. April's job gains were broad-based, with job gains in healthcare, transportation and warehousing leading the pack. Manufacturing payrolls fell as the sector's output contracted at its biggest pace since 2020. Federal government jobs fell for a third straight month. The job participation rate rose to 62.6 percent in April. The unemployment rate for 25 to 54-year-olds, also known as prime-age workers, rose to a seven-month high. Economists widely expect layoffs to increase in the coming months as economic uncertainty brings expansion plans to a halt.
Web3 Desktop Trading Tool
Stay ahead of the game in the cryptocurrency space.
The market shows that ETH broke through $2700, and it is now reported as $2716.79, with a 24-hour increase of 3.9%. The market fluctuates greatly. Please do a good job in risk control.
In newly released Federal Reserve June meeting notes, participants noted that risk and uncertainty are important factors influencing their decision-making and emphasized the need for a policy strategy aimed at achieving the Committee's maximum employment and price stability objectives amid a series of highly uncertain developments. Participants acknowledged that risks and uncertainties to the economy are pervasive and pose challenges to the design and communication of monetary policy. They noted...
Institutional analysis pointed out that the Federal Reserve's June meeting notes reflected intense discussions on the future path of inflation, and uncertainty about price movements increased significantly. Some members continued to worry about the inflation outlook, arguing that the imposition of tariffs could disrupt supply chains, weigh on productivity, and set off a vicious circle by pushing up medium- and long-term inflation expectations. Another group of members took a relatively optimisti...
When considering the outlook for monetary policy, participants generally agreed that with growth and labor markets remaining solid and current monetary policy likely to be moderately restrictive, the Committee was well placed to wait for a clearer outlook for inflation and economic activity, according to newly released Federal Reserve meeting notes for June. Some participants noted that they would be willing to consider lowering the policy rate at their next meeting if the data developed in line...
Federal Reserve meeting notes: All participants agreed that maintaining the federal funds rate at the current target range is appropriate. Several participants indicated that the current federal funds rate may not be much higher than the neutral rate.