The US Job Growth Slightly Slows in April but Remains Steady

BlockBeats News, May 2nd: The U.S. economy continued to steadily add jobs in April, despite a slight slowdown in the pace of job growth during a month of tariff announcements and market turbulence. The U.S. Labor Department reported on Friday that the U.S. added 177,000 jobs in April, higher than the expected 130,000 but below the 185,000 increase in March. Job losses in the federal government dragged down the employment numbers, with 9,000 fewer federal government employees in April.

James Knightley, Chief International Economist at Dutch International Group, commented that seeing widespread layoffs takes a long lead time, but we will have to be prepared for a significant softening in employment numbers and face the threat of a sharp slowdown in hiring. (Jin10)