US job growth remained solid in April, illustrating healthy labor demand entering a period when tariffs have a greater risk of tempering hiring decisions.
The stronger-than-expected advance in payrolls partly reflected stepped up hiring of transportation and warehousing workers needed to handle a recent flurry of imported goods. Net exports in the first quarter managed to subtract a record 5 percentage points from gross domestic product and caused the first economic contraction since 2022.
US trade policy is reverberating across the globe in the form of declining manufacturing activity, purchasing managers reports showed.
In Asia, the Bank of Japan held ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.