Close Menu
    What's Hot

    The 41 Best Shows on Netflix Right Now (July 2025)

    July 13, 2025

    U.K. refinery secures crude oil supply deal with Glencore

    July 12, 2025

    Why real estate advisory matters more than ever post SC on property ownership and registration

    July 12, 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Trend Alerts – Stay Ahead of the Trends!
    Subscribe
    • Home
    • Trending

      The 41 Best Shows on Netflix Right Now (July 2025)

      July 13, 2025

      Timekettle T1 Handheld Translator Review: Global Offline Translation

      July 12, 2025

      The 6 Best Prime Day Action Camera Deals for Thrill Seekers (2025)

      July 12, 2025

      Last-Chance Prime Day Deals, 313 Obsessively Tested Picks—Even $1,200 Off an OLED TV

      July 11, 2025

      The 7 Best Prime Day Action Camera Deals for Thrill Seekers (2025)

      July 11, 2025
    • Worldwide

      U.K. refinery secures crude oil supply deal with Glencore

      July 12, 2025

      Towngas and Royal Vopak to Build Green Methanol Supply Chain Across Asia-Pacific

      July 12, 2025

      Saudi Arabia Raises Oil Prices

      July 11, 2025

      2nd phase of digitising oil supply chain begins

      July 11, 2025

      Oil Markets Are Tighter Than They Look

      July 10, 2025
    • Finance

      Why real estate advisory matters more than ever post SC on property ownership and registration

      July 12, 2025

      HDFC Infinia Metal vs. HDFC Regalia Gold Credit Card

      July 11, 2025

      How to choose your first credit card in 2025

      July 6, 2025

      Here are the documents that proves your homeownership

      July 5, 2025

      Short-term, long-term capital gains tax rates, calculations, exemptions for FY 2024-25

      July 4, 2025
    • Business

      HBS Online Launches New Personal Branding Course

      July 10, 2025

      The Benefits of Asynchronous Online Learning for Your Team

      July 9, 2025

      A Doctor’s HBS Online Journey

      June 28, 2025

      Talent Development Strategies for Business Growth

      June 28, 2025

      What to Know About Upskilling Your Workforce

      June 27, 2025
    • News

      World’s Most Unbelievable Events That No One Expected

      March 16, 2025

      Biggest Space Discoveries That Went Viral This Year

      March 16, 2025

      AI Just Did This! The Most Shocking AI Development Yet

      March 16, 2025

      Mind-Blowing Tech Innovations That Went Viral in 2025

      March 16, 2025

      Top 10 Viral Moments That Broke the Internet in 2025

      March 16, 2025
    Trend Alerts – Stay Ahead of the Trends!
    Home»Finance»U.S. Employers Added 228,000 Jobs in March, but Outlook Is Clouded
    Finance

    U.S. Employers Added 228,000 Jobs in March, but Outlook Is Clouded

    Elon MarkBy Elon MarkApril 4, 2025No Comments4 Mins Read
    Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    U.S. employers accelerated hiring in March, a surprising show of strength that analysts warned might be the high-water mark for the labor market as the Trump administration’s economic policies began to play out.

    Employers added 228,000 jobs last month, the Labor Department reported on Friday, a figure that was far more than expected and was up from a revised total of 117,000 in February. The unemployment rate rose to 4.2 percent, from 4.1 percent.

    The data, based on surveys of households and businesses conducted in the second week of March, do not reflect the sweeping tariff announcement that rattled markets this week, or the full extent of the job cuts resulting from President Trump’s efforts to reduce the federal work force.

    The market reaction to the report was scant, as traders were preoccupied with the threat of a trade war. The S&P 500 fell 6 percent on Friday. The glum investor mood followed Thursday’s huge sell-off, the biggest since the height of the pandemic, over the rollout of Mr. Trump’s worldwide tariff campaign.

    Still, Mr. Trump was quick to seize on the report as proof that his economic agenda was working. In a post on social media Friday morning, he wrote: “GREAT JOB NUMBERS, FAR BETTER THAN EXPECTED. IT’S ALREADY WORKING.”

    March’s job gains were driven by hiring in health care and social assistance, which reported a combined gain of 78,000. The leisure and hospitality sectors recovered from a dip in January and February — attributed by some observers to bad weather — and posted a gain of 43,000 jobs. Retailers added 24,000, and transportation and warehousing reported a gain of 23,000.

    Diane Swonk, chief economist at the accounting firm KPMG, said she was “pleasantly surprised” by Friday’s report, but she added that the impending repercussions of federal job cuts and tariffs would mean “this is likely to be the high-water mark.”

    The Labor Department released revised employment numbers for January and February that trimmed the gains in those months by 45,000, clouding the picture of the labor market’s momentum.

    “We are still expecting weakness,” Ms. Swonk said. “We are starting to see the layoff announcements mount.”

    Joe Brusuelas, chief economist at the consulting firm RSM, said the report did not reflect a rosy outlook for the labor market. “What we are really seeing is the calm before the storm,” he said.

    Deep in the March numbers, some analysts saw warning signs.

    Construction added 13,000 jobs — but average growth is only 8,000 jobs per month over the first quarter, a sign of sluggish activity overall. The industry is likely to be hit hard by the administration’s tariff push, which is expected to increase supply costs, and its immigration policies, which will affect a key source of labor.

    Manufacturing jobs increased by just 1,000 in March in a sector that is likely to be watched carefully for knock-on effects of supply chain disruptions, and as a focus of the Trump administration’s aims to foster industrial jobs in its gamble on tariffs.

    A survey this week by the Institute for Supply Management showed a contraction in manufacturing activity in March.

    “Labor demand in the services sector is substantially stronger than in the manufacturing sector,” said Michael R. Strain, an economist at the American Enterprise Institute, a conservative think tank. And, he noted, service sector workers earn higher hourly wages than manufacturing workers do.

    “The president seems to want to move Americans from a growing sector into a shrinking sector,” he said. “And he seems to want to move Americans from higher-wage jobs into lower-wage jobs. Those strike me as very confusing and harmful goals.”

    The federal work force declined by 4,000 in March, a slowdown from a revised drop of 11,000 in February. While the Trump administration had fired some 25,000 probationary employees, some of them have since been reinstated, at least temporarily, as the dismissals are challenged in court.

    The data showed an overall increase in government jobs, up 19,000 in March, driven by growth in state and local government.

    The slight uptick in the unemployment rate in March — before rounding, it rose by one one-hundredth of a percentage point — reflected increased participation in the work force.

    The strong report helps to bolster the Federal Reserve’s decision at recent meetings to hold off on interest rate cuts because the economy is in a “good place.” Officials have repeatedly said that the central bank could afford to wait for more clarity about the impact of the Trump administration’s economic policies.

    Officials have acknowledged that the economic outlook has become much more uncertain as the president’s tariff plans have taken shape. Even before the latest round of tariffs announced this week, officials had expected a combination of higher inflation and slower growth this year.

    The surveys for the April jobs report, which will be released in early May, will be conducted next week.

    Colby Smith contributed reporting.



    Source link

    Added Clouded Employers Jobs March Outlook U.S
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleHMD OffGrid Satellite Communicator Review: Fits in Your Pocket
    Next Article YouTuber Is Arrested After Leaving Diet Coke on Isolated Tribe’s Island
    Elon Mark
    • Website

    Related Posts

    Why real estate advisory matters more than ever post SC on property ownership and registration

    July 12, 2025

    HDFC Infinia Metal vs. HDFC Regalia Gold Credit Card

    July 11, 2025

    How to choose your first credit card in 2025

    July 6, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    10 Trends From Year 2020 That Predict Business Apps Popularity

    January 20, 2021

    Shipping Lines Continue to Increase Fees, Firms Face More Difficulties

    January 15, 2021

    Qatar Airways Helps Bring Tens of Thousands of Seafarers

    January 15, 2021

    Subscribe to Updates

    Get the latest sports news from SportsSite about soccer, football and tennis.

    Advertisement
    Demo

    TrendAlerts is your go-to platform for the latest trending news, covering global events, technology, business, entertainment, and more. Stay informed with real-time updates and in-depth analysis on what’s shaping the world today! 🚀

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube
    Top Insights

    Top UK Stocks to Watch: Capita Shares Rise as it Unveils

    January 15, 2021
    8.5

    Digital Euro Might Suck Away 8% of Banks’ Deposits

    January 12, 2021

    Oil Gains on OPEC Outlook That U.S. Growth Will Slow

    January 11, 2021
    Get Informed

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 Trend Alerts. All Rights Are Reserved.
    • Home
    • Trending
    • Worldwide
    • Finance
    • Business
    • News

    Type above and press Enter to search. Press Esc to cancel.