US April Job Growth Slightly Slows but Remains Robust
The U.S. economy continued to steadily add jobs in April, despite a slight slowdown in job growth amid changes in tariff announcements and market turmoil. The U.S. Department of Labor reported on Friday that the U.S. added 177,000 jobs in April, higher than the expected 130,000 but lower than the 185,000 increase in March. Federal government layoffs dragged down employment numbers, with federal employment decreasing by 9,000 in April. ING Financial Markets economist James Knightley stated that there is still a long preparation time to see widespread layoffs, but we will have to be prepared for significantly weaker employment numbers and face the threat of a sharp slowdown in hiring. (Jin10)
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