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The US hiring has grown in March, blowing the expectations of the past of economists and opposing Wall Street’s concern for a possible economic recession, government data show on Friday.
The United States added 228,000 jobs in March, according to data from the US Bureau of the United States. This figure shows a significant increase in renting in the previous month.
The new report provided a momentary photo of the reduction of the staff imposed by the federal government last month amid efforts to reduce the costs incurred by the Ministry of Efficiency of the Government.
Construction workers are helping to build a Condo Tower, February 10, 2025 in Miami.
Joe Raedle/Getty Images
Despite the escalation of trade tensions and turbulence in the market since Trump took office in January, the economy remained in a solid form of several key measures.
The unemployment rate is at a historically low level. In the meantime, inflation is located well below the peak achieved in 2022, although the price increase is registered almost a percentage point higher than the target of the Fed by 2%.
“The economy is strong,” Fed President Jerome Powell said at a press conference in Washington, Colombia County last month.
The tariffs have announced earlier this week, however, threatening to derail the hiring and deterioration of inflation, many analysts told ABC News earlier.
Large levies increase the likelihood of recession by raising prices, reducing consumers, slowing business activity and risking cuts, they said.
President Donald Trump spoke with media members before embarking on the maritime of the White House of the White House on April 3, 2025 in Washington, Colombia County.
Andrew Harnik/Getty Images
The White House plans to hit a 10% tax on all imported products and put additional duties on items from some of the largest trading partners in the United States, including China and the European Union.
“These policies, if supported, are likely to push the US and the global economy in a recession this year,” JP Morgan said in a note for customers after the tariff announce.
“The risks of recession are likely to rise,” Deutsche Bank added.
US stocks were immersed in Thursday at the first trade session after Trump revealed the new tariffs.
Industrial average Dow Jones Indusial fell by 1679 points, or nearly 4%, while the technologically heavy NASDAQ decreased almost 6%.
S& P 500 collapsed by 4.8%, marking its oldest 2020 trading day.
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