onlyTrustedInfo.comonlyTrustedInfo.comonlyTrustedInfo.com
Notification
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Reading: US job growth cooled in April amid economic uncertainty
Share
onlyTrustedInfo.comonlyTrustedInfo.com
Font ResizerAa
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
Search
  • News
  • Finance
  • Sports
  • Life
  • Entertainment
  • Tech
  • Advertise
  • Advertise
© 2025 OnlyTrustedInfo.com . All Rights Reserved.
Finance

US job growth cooled in April amid economic uncertainty

Last updated: May 1, 2025 8:00 pm
Oliver James
Share
5 Min Read
US job growth cooled in April amid economic uncertainty
SHARE

The U.S. economy added jobs in April at a slower pace than a month ago amid uncertainty over economic conditions as well as tax and trade policy.

The U.S. Department of Labor on Friday reported that employers added 177,000 jobs in April. That figure was above the estimate of economists polled by LSEG, though it was cooler than the 185,000 added in March — which was initially announced as a gain of 228,000.

The unemployment rate was 4.2%, unchanged from a month ago and in line with the LSEG estimate.

Job gains in the past two months were both revised, with job creation in February revised down by 15,000 from a gain of 117,000 to 102,000; and March job gains downwardly revised by 43,000 from a gain of 228,000 to 185,000. Taken together, employment in February and March was 58,000 lower than previously reported.

Private Sector Added 62K Jobs In April, Well Below Expectations, Adp Says

Private sector payrolls grew by 167,000 jobs in April, well above the 125,000 estimated by LSEG.

Read On The Fox Business App

Government payrolls added 10,000 jobs in April across all levels of government. The decline of 9,000 jobs in the federal government was more than offset by gains of 6,000 in state government and 13,000 in local government. Workers on paid leave or receiving ongoing severance pay are counted as employed in the Bureau of Labor Statistics survey.

Manufacturing payrolls declined by 1,000 jobs in April, a smaller decrease than the 5,000 projected by LSEG economists.

Healthcare employment grew by 50,600 jobs in April, which was roughly in line with the average monthly gain of 52,000 over the last 12 months. That growth was driven by hospitals (+22,100) and ambulatory healthcare services (+21,400).

Americans Trimming Back Wage Expectations For New Jobs: Ny Fed

Transportation and warehousing added 29,000 jobs in April, with gains in warehousing and storage (+9,800), couriers and messengers (+8,400) and air transportation (+2,900). The sector averaged gains of 12,000 jobs per month over the prior year.

Financial activities added 14,000 jobs in April, bringing its gains over the last year to 103,000 jobs.

Social assistance continued to add jobs in April with a gain of 7,600 — though it was a notably slower pace than the average gain of 20,000 over the past 12 months.

The labor force participation rate was 62.6% in April, having changed little over the last year.

Us Economy Slows Sharply, Shrinking 0.3% In The First Quarter, As Tariffs Weigh

The number of people considered to be long-term unemployed, defined as being jobless for 27 weeks or more, rose by 179,000 to 1.7 million. The long-term unemployed accounted for 23.5% of all unemployed people.

There were 4.7 million workers employed part-time for economic reasons in April, a metric that was little changed. These individuals would’ve preferred full-time work but were working part-time because their hours were reduced, or they were unable to find full-time jobs.

Auto manufacturing
The manufacturing sector shed fewer jobs than LSEG economists had projected.

Multiple jobholders decreased by 76,000 in April and represented 5.4% of the workforce, a figure that has been little changed over the last year.

The April jobs report comes amid the Trump administration’s efforts to reshape the global trading system through the use of sweeping tariffs on U.S. trading partners, which has created economic uncertainty on top of the White House’s efforts to shrink the federal government.

Elyse Ausenbaugh, head of investment strategy at JPMorgan Wealth Management, noted, “The survey feeding the report occurred in the second week of April, which I remember as the peak of tariff uncertainty and whiplash. Still, the broad labor market remained on solid footing.”

“April may have been the last month when we didn’t see the aggregate impact of trade war 2.0, DOGE job cuts and tight immigration policy — but look closely enough and there are hints, like the slight decline in manufacturing payrolls and another drop in federal government jobs,” Ausenbaugh added.

Original article source: US job growth cooled in April amid economic uncertainty

You Might Also Like

1 Thing To Do Every Year If You Want To Make More Money, According to a Money Expert

Nvidia stock pops as revenue tops forecasts, China sales impacts smaller than Wall Street feared

What $500K in Retirement Savings Plus Social Security Looks Like in Monthly Spending

Barack Obama Warns AI Revolution Is ‘Not Hype,’ Says ‘You’re Going To Start Seeing Shifts…’

A software engineer shares the résumé that got him to the final rounds at Google, Meta, Amazon, and Netflix — and hired at a Magnificent 7 company

Share This Article
Facebook X Copy Link Print
Share
Previous Article From Camp to Gilded Glamour: A look back at iconic Met Gala themes From Camp to Gilded Glamour: A look back at iconic Met Gala themes
Next Article Chilean woman with muscular dystrophy becomes face of euthanasia debate as bill stalls in Senate Chilean woman with muscular dystrophy becomes face of euthanasia debate as bill stalls in Senate

Latest News

Steelers announce Ben Roethlisberger, Joey Porter, Maurkice Pouncey to join Hall of Honor
Steelers announce Ben Roethlisberger, Joey Porter, Maurkice Pouncey to join Hall of Honor
Sports July 28, 2025
Phillies’ Nick Castellanos out of Saturday’s lineup vs. Yankees with left knee injury
Phillies’ Nick Castellanos out of Saturday’s lineup vs. Yankees with left knee injury
Sports July 28, 2025
2025 Tour de France standings going into final stage, with Tadej Pogačar set to win 2nd consecutive trophy
2025 Tour de France standings going into final stage, with Tadej Pogačar set to win 2nd consecutive trophy
Sports July 28, 2025
2025 MLB betting: Nick Kurtz now a massive favorite to win AL Rookie of the Year
2025 MLB betting: Nick Kurtz now a massive favorite to win AL Rookie of the Year
Sports July 28, 2025
//
  • About Us
  • Contact US
  • Privacy Policy
onlyTrustedInfo.comonlyTrustedInfo.com
© 2025 OnlyTrustedInfo.com . All Rights Reserved.