April jobs report shows US labor market remained resilient in wake of 'Liberation Day' tariff announcement

The April jobs report showed the US labor market remained resilient in the weeks after President Trump's "Liberation Day" reciprocal tariff announcements shook markets.

The US economy added 177,000 nonfarm payrolls in April, more than the 138,000 expected by economists. The unemployment rate held steady at 4.2%.

Average hourly earnings in April rose 0.2% over last month and 3.8% over the prior year. Economists expected wages to rise 0.3% over last month and 3.9% over the prior year.