May 2, 2025
United States:
US Payroll Gain of 177,000 Shows Uncertainty Yet to Dent Hiring
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%.
Europe:
Euro-Zone Inflation Holds Above Target as ECB Weighs Cuts
Euro-area inflation unexpectedly held steady, and an underlying measure jumped in an awkward report for officials weighing how to respond to the economic hit from US tariffs.
Consumer prices rose 2.2% in April from a year ago, the same pace as in March, Eurostat said Friday.
Asia:
Japan’s Job Market Stays Tight, Supporting Wage Momentum
Japan’s labor market remained largely tight in March, supporting momentum for wage hikes, while uncertainties over the global trade war continue to darken the outlook.
The jobless rate ticked up to 2.5% in March from 2.4% in the previous month, the Ministry of Internal Affairs reported Friday.
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