• The jobs report exceeded analysts’ expectations With a profit of 228,000 compared to the expected 140,000. This report is just a bright point before the imminent contraction that many expect after President Donald Trump’s tariff. At least the strong labor market means the economy and the labor market starts from the “position of power” in the event of bad things.

On Friday, the Jobs March report showed two days after Market disturbances.

The report beat analysts easily. The United States added 228,000 jobs in March, while analysts expected about 140,000. The unemployment rate increased slightly to 4.2 % of 4.1 % mostly on the back of the increasing workforce.

The latest labor market data comes as stock market and Global economy He is reeling from President Donald Trump’s announcement of the definitions on Wednesday. However, the report was collected before the “editing day” that was raised Runder of stagnation Via Wall Street and the stock market sale I deepened after the report.

“Investors may find some condolences here, but most likely, this recruitment report will be overwhelmed by tension in global trade, especially with China,” Jeffrey Roche, the LPL chief economist, said in a note for investors.

Trump celebrated job report as evidence that his economic and commercial plans were already working. However, the Mars report did not pick up any traces of the latest tariff.

“Great business numbers, much better than expected.” Trump to publish On the social truth. “It already works. Hanging strongly, we cannot lose !!!”

Richard de Shazal, economist in William Blair, said that federal job losses were not clear like fear and expected that the exacerbation of soft data on feelings may have been directed to employment was not the situation that was not clear like fear and expected that Richard Chazal, the economist in William Blair, said that federal job losses were not clear like fear and expected to worsen that there is what is in reality, The new jobs that amount to 28.00 new jobs exceed experts largely because federal job losses were not clear like fear and expected that soft data about feelings to employment would not have been not so.

Many federal workers who have been demobilized on paid leave and still depend as they are working in the job report.

There were also seasonal factors that could affect employment. This year, January and February had softened greatness than expected, to a large extent outside the back of the bad weather. Brett Ryan, senior American economists at the same time, added, German bankThose who reduced the difference between expectations and actual numbers.

Ryan said: “My season is difficult.” “In March and April, one is usually strong and one weak. It is difficult to determine where the Easter falls.”

However, the strong job report is still good news. Investors and economists can feel comfortable in the fact that the labor market is strong because they go to a period of deep uncertainty that many believe can lead to stagnation.

“The surprising strong labor market data is encouraging because it indicates that the economy will hit with the shock of the customs tariff, starting with the position of power,” De Shazal said.

This position of strength, although it will only reduce the imminent economic contraction that many expect, but not necessarily avoiding it completely. Both consumer feelings and business have decreased in recent weeks – even after that Trump tariff announcementThat caused the sale of the market around the world. However, as a background, economists and investors will look at future job reports to see if it is Positions About the economy will finally start influencing how companies work.

“This data was generally before a major shift in the feelings of companies, which means that the report is less interesting than next month,” said Rick Reader. Blackrock Senior Investment officials in the global fixed income. “Last month’s data may not have a little bite to the place where employment and economic confidence is directed during the coming months and four quarters.”

There is always an individual connection between soft data such as consumer morale and difficult data, such as job reports. However, these two deeply related. Feelings about the economy can often end as an important bell to indicate how companies and consumers behave. If consumers begin to reduce their spending, companies will begin to reduce their costs, which often leads to demobilization of workers. As more people lose their functions, this increases the course.

“The morale of consumers can have the weakest aside for itself,” De Shazal wrote in an e -mail. “Although soft data does not follow totally difficult data on a monthly basis to a month, there is a great connection to direction rates. If companies see consumers who are starting to feel very anxious about the economy, they may also respond by less employment in anticipation of weaker growth.”

probability Weaker growth He was holding the economy even before Trump’s tariff. Last month, the Federal Reserve reduced its growth forecast for the United States from 2.1 % this year to 1.7 %. Now with the settlement of the stock market for this week, growth expectations have decreased further. You expect some major Wall Street banks now to be the recession probably Who no.

This story was originally shown on Fortune.com

https://fortune.com/img-assets/wp-content/uploads/2025/04/GettyImages-2206302171-e1743783500184.jpg?resize=1200,600
2025-04-04 16:45:00