Watch Joe and Kailey LIVE every day on YouTube: http://bit.ly/3vTiACF.
US job growth was robust in April and the unemployment rate held steady, suggesting uncertainty over President Donald Trump’s trade policy has yet to have a material impact on hiring plans.
Nonfarm payrolls increased 177,000 last month after the prior two months’ advances were revised lower, according to Bureau of Labor Statistics data out Friday. The unemployment rate was unchanged at 4.2%.
The report suggests the labor market continues to cool gradually, a sign that businesses facing heightened uncertainty around tariffs and turmoil in financial markets didn’t significantly alter their hiring plans. Most economists anticipate the brunt of the impact from punishing levies will be seen in coming months.
Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Joe and Kailey speak with:
- Bloomberg Economics Chief US Economist Anna Wong.
- Economic Policy Consultant Kathryn Edwards.
- Former OMB Director and former Acting White House Chief of Staff Mick Mulvaney.
- Democratic Congresswoman Mikie Sherrill of New Jersey, candidate for Governor of New Jersey.
- Democratic Michigan State Senator Mallory McMorrow, candidate for US Senate.
See omnystudio.com/listener for privacy information.