The US Bureau of Labor Statistics (BLS) published Friday morning that the labor market saw an addition of 177,000 jobs in the month of April, well above original forecasts for 138,000 in non-farm payroll growth. The April jobs report was an example of resiliency for the US economy following President Trump’s "Liberation Day" reciprocal tariffs enacted on April 2.
The United States Secretary of Labor Lori Chavez-DeRemer sits down with Yahoo Finance senior Washington correspondent Jennifer Schonberger to talk more about the job growth seen so far under the Trump administration and what other Cabinet officials are projecting for labor momentum amid reshoring plans and trade negotiations.
This fresh labor print comes out ahead of the Federal Reserve’s May FOMC meeting next week. Wells Fargo’s Brian Rehling weighed in on the economic data Fed officials will want to see that will make them more comfortable in cutting interest rates.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here: https://finance.yahoo.com/videos/series/morning-brief/
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