US labour market holds steady despite tariffs, adding 177,000 jobs in April

The data, released on Friday by the Labor Department, suggests the job market is holding steady despite uncertainty driven by Trump’s tariff campaign. “I suspect that will soon trickle down to employment.”Slowing growthStill, Friday’s labour report showed that employment in the US remains steady despite a suite of changes since Trump took office in January. Over the last four months, Trump has pursued an aggressive trade policy designed to drive down trade deficits, largely through the threat of tariffs. The number of underemployed workers who hold part-time jobs for economic reasons also showed little change, holding at 4.7 million people. The Labor Department’s report showed a decline of 9,000 jobs in April alone.