President Donald Trump is applying more pressure to Federal Reserve Chair Jerome Powell to cut interest rates after a Wednesday report showed job hiring slowed down last month.
Read More Trump urges Fed Chair Powell to cut interest rates following disappointing jobs report
A new April jobs report has revealed that the U.S. economy added 177,000 jobs last month, which exceeded analysts expectations due to tariff concerns.
Read More April Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns
Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision.
Read More Wall Street gains with all eyes on Fed rate decision
The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labor market stability.
Read More US weekly jobless claims fall amid labor market stability
Job openings, a measure of labor demand, rose 232,000 to 7.740 million on the last day of January, the Labor Department’s Bureau of Labor Statistics said in its Job Openings and Labor Turnover Survey.
Read More US job openings increase in January; layoffs decline
Voters put President Trump in office to, in part, cut government waste and drain the swamp, and today’s jobs report may be reflecting that.
Read More Jobs Report Reflects Swamp Drain, Tariff Debate Heats Up