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US job growth beats expectations in March

US job growth beats expectations in March

Bitget2025/04/04 12:41

April 4 (Reuters) - The U.S. economy added far more jobs than expected in March, but Trump's tariff policies could test the resilience of the labour market in the coming months amid falling business confidence and a stock market sell-off. Non-farm payrolls added 228,000 jobs in March. The unemployment rate rose to 4.2 per cent from 4.1 per cent in February. Economists expect the impact of reciprocal tariffs could show up in April's jobs report. Retail employment is most likely to fall as consumers hunker down amid rising prices. Financial markets expect the Federal Reserve to resume cutting interest rates by June after pausing its policy easing cycle in January.

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