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U.S. Adds 177,000 Jobs Amid Economic Uncertainty

5/3/2025

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Summary

Jobs Growth Report

In April, the U.S. added 177,000 jobs, keeping the unemployment rate steady at 4.2%.
Economists anticipate that the effects of tariffs will become clearer in the coming months, possibly impacting employment.
Job growth was strongest in the healthcare sector, while manufacturing and federal employment declined.
Average hourly earnings increased by 3.8% year-over-year, reflecting wage growth amid inflation worries.

Summary

S&P 500 Streaks Up

The S&P 500 marks its longest winning streak in 20 years, fueled by robust earnings from Microsoft and Meta Platforms.
Apple’s stock drops 4.7% due to tariff-related downgrades, with a projected $900 million impact this quarter.
China shows willingness to negotiate tariffs with the U.S., potentially easing market tensions.
General Motors expects a $4-5 billion profit loss from tariffs, revising its 2025 profit outlook downward.

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Jobs Growth Report

In April, the U.S. added 177,000 jobs, keeping the unemployment rate steady at 4.2%.
Economists anticipate that the effects of tariffs will become clearer in the coming months, possibly impacting employment.
Job growth was strongest in the healthcare sector, while manufacturing and federal employment declined.
Average hourly earnings increased by 3.8% year-over-year, reflecting wage growth amid inflation worries.

1 / 2