March Job Growth Report and Trump's Tariff Announcement

Stronger than expected job growth in March eases fears of a softening labor market, but uncertainty remains due to President Trump's tariff announcement. Unemployment rate increases to 4.2%, and hourly earnings rise by 0.3%. Health care leads job growth, while Federal government positions decline slightly. Market reacts cautiously to the report.

U.S. Job Growth in August

U.S. job growth in August was weaker than expected, with the economy adding 142,000 jobs, lower than the forecast of 160,000. Prior months' job growth was also revised down. Unemployment rate dipped to 4.2% from 4.3% in July. Average hourly earnings increased by 0.4% to $35.21, with a 3.8% increase over the past year.