CNN 5 Things April jobs report, aid ship fire, Russell Brand in court & more
May 2, 2025
April's jobs report shows the economy added 177,000 jobs, keeping unemployment steady at 4.2%. Meanwhile, House Republicans are drafting significant policy changes. In international waters, an aid ship bound for Gaza was reportedly hit by a drone strike. Russell Brand's court appearance over serious charges raises eyebrows. Lastly, discussions around diversity, equity, and inclusion initiatives reveal them gaining traction among shareholders.
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Jobs Market Defies Expectations
- April jobs report shows 177,000 new jobs added with unemployment steady at 4.2%.
- This indicates a labor market still defying economic downturn expectations.
Tariff Impact on Small Sellers
- Ending the $800 de minimis exemption imposes tariffs on small sellers, not major retailers.
- Small businesses will face reduced orders and potential closures due to new tariff burdens.
Details of GOP Spending Cuts
- House Republicans propose sweeping tax, Medicaid, and food stamp cuts in 'Big Beautiful Bill'.
- Student loans and immigration fees are targeted for restructuring and increased enforcement.