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labor marketPBS
•Business
Business & Economics
77% Informative
Hiring was down slightly from a revised 185,000 in March and came in above economists’ expectations for a modest 135,000 .
The unemployment rate remained at a low 4.2 percent , the Labor Department reported Friday .
Transportation and warehousing companies added 29,000 jobs last month , suggesting companies have been stocking up before essential, imported goods are hit with a wave of new tariffs.
Fed typically fights inflation with higher interest rates, so it is unlikely to cut its key short-term rate anytime soon.
It might change course and reduce rates if layoffs spiked and unemployment rose, but Friday ’s report suggests that isn’t happening yet.
Fed chair Jerome Powell has underscored that the duties are likely to push up prices in the coming months .
VR Score
83
Informative language
84
Neutral language
46
Article tone
formal
Language
English
Language complexity
50
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
1
Source diversity
1
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no affiliate links
