Employment growth beat market estimates in April, even as businesses and consumers worry about President Donald Trump’s tariff plans impacting the U.S. economy.
New jobs surged 177,000 for the month, higher than the consensus forecast of 130,000. While this was down from March’s downwardly adjusted 185,000, the April reading was higher than the three-month average of 155,000.
The unemployment rate was unchanged for the second consecutive month at 4.2 percent.
A deeper dive into the April jobs report will reveal notable trends forming in the labor market.
Here are some key takeaways from the latest Bureau of Labor Statistics data.
American Versus Foreign Workers
Over the last several years, the growth in the gap between employed U.S. and foreign-born workers has widened significantly….