This article breaks down how job growth in April had slowed down. There were 177,000 less jobs added than in March but it was still better than expected. The unemployment rate stayed at 4.2%, so the job market’s holding steady for now. But the real concern is what’s supposed to be coming next. With Trump’s proposed tariffs still in place a lot of businesses are going to be forced to have to less hiring and less investment across the board. Right now though things don’t look too bad but you can definitely feel the uncertainty. The Fed isn’t changing interest rates yet, but if inflation or the job market shifts, that could change too. It feels like we’re in this calm before the storm, and how the tariff situation plays out could really tip the balance either way.
