Job Growth Beats Forecasts Despite Stalling Labor Market, Shrinking GDP Under Trump
Job growth moderately beat expectations in April, but was slightly down from the month before, as recession worries loom due to President Donald Trump's trade agenda.
The US economy added 177,000 jobs in April, according to Bureau of Labor Statistics data released on Friday, May 2. The national unemployment rate held steady at 4.2%, despite initial unemployment claims jumping to 241,000 for the week ending Monday, April 26.
The job gains were higher than the 133,000 forecasted by the Dow Jones, CNBC reported. April's numbers declined from March's total of 185,000, which …
Photos: 1,400 'Hands Off' Protests Across United States
Thousands of demonstrators flooded street corners, Congressional offices, and federal buildings across the U.S. on Saturday, April 5, in what organizers called a “national mass activation” against a growing threat to democracy and workers' rights.
Nearly 1,400 rallies were held coast to coast, part of a movement opposing what protestors describe as a “Trump-Musk billionaire takeover” and “the Republican assault on our freedoms and our communities.”
“Trump and Musk are attempting an illegal power grab,” the event flyer reads. “This is a crisis we must stop. Trump, Musk, and congressional Rep…
Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs.
US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020.
So far in 2025, employers have announced 497,052 job cuts — the highe…
