The U.S. saw stronger-than-expected job growth in March, Trump's tariff policy will test labor market resilience

BlockBeats News, April 4th: The US economy added far more jobs in March than expected, but amidst a decline in business confidence and stock market sell-offs, Trump's tariff policies may test the labor market's resilience in the coming months. Nonfarm payrolls added 228,000 jobs in March. The unemployment rate rose from 4.1% in February to 4.2%. Economists expect the impact of reciprocal tariffs to show up in the April jobs report. With consumers tightening their belts amidst rising prices, retail employment is most likely to decline. The financial markets anticipate that the Federal Reserve, after pausing its policy easing cycle in January, will resume cutting interest rates before June. (FX678)