According to a Bloomberg survey, job growth in the United States slowed in March. The number of new jobs decreased from 151,000 in February to 138,000 this month, marking the slowest quarterly growth in job vacancies since October.
Analysts at the agency note that this trend reflects growing caution among American employers amid weak economic prospects. Despite the slowdown, the unemployment rate is expected to remain steady at 4.1%.
The first quarter saw a notable slowdown in the US economy. Weak consumer spending, sluggish income growth, and declining sentiment highlight growing concerns over inflation and the potential impact of President Donald Trump's proposed tariffs, Bloomberg reports.
As early as this week, the White House is expected to introduce a broad package of measures to raise tariffs on imports. In response to increased uncertainty, Federal Reserve Chair Jerome Powell and other officials are set to discuss the economic outlook in the coming days.