US employment growth in April exceeds expectations

According to BlockBeats, on May 2nd, the United States saw strong job growth in April and a stable unemployment rate, indicating that the uncertainty surrounding Trump's trade policies has not yet had a significant impact on recruitment plans. The data released by the US Bureau of Labor Statistics on Friday showed that non farm payroll employment increased by 177000 in April after the first two months' data were revised down. The unemployment rate remains unchanged at 4.2%. The report indicates that the labor market continues to gradually cool down, indicating high uncertainty for businesses facing tariffs and financial market turbulence, but it has not significantly changed their recruitment plans. Most economists expect the impact of punitive taxation to become apparent in the coming months. The employment growth in April was broad-based, with healthcare, transportation, and warehousing industries leading the way in job growth. The employment in the manufacturing industry has decreased due to the largest contraction in output since 2020. The federal government's employment opportunities have decreased for the third consecutive month. The employment participation rate rose to 62.6% in April. The unemployment rate for people aged 25 to 54 (also known as golden age workers) has risen to its highest level in seven months. Economists generally predict that as economic uncertainty leads to the halt of expansion plans, the number of layoffs will increase in the coming months. (Golden Ten)