(Reuters) – The American economy has created more jobs than scheduled in April, but the prospects for the labor market are increasingly darkening as President Donald Trump’s commercial policy increases uncertainty about the resilience of the United States economy.

The monthly report of the Labor Department published on Friday lists 177,000 non -agricultural jobs created over the month, while economists interviewed by Reuters provided on average 130,000 net creations after 185,000 in March (revised figure of 228,000).

The economy must create around 100,000 jobs per month to follow the growth of the working age population.

The unemployment rate remained stable in April at 4.2%, as planned by analysts.

The average salary in the private sector increased by 0.2% in April against +0.3% a month earlier and a consensus at +0.3%.

This report, the first since the advertisements of massive customs duties by Donald Trump at the beginning of April, is retrospective and it is too early for the labor market to show the impact of American tariff policy.

During the first quarter, the United States gross domestic product (GDP) contracted 0.3% under the effect of an import avalanche, companies having attempted to anticipate customs duties.

The labor market continues, however, to be resilient, employers being not inclined to dismiss staff following the difficulties encountered to find labor during and after the Pandemic of Cavid-19. The signs of alert are nevertheless multiplying.

The business climate continues to deteriorate, which, according to economists, could ultimately lead to layoffs.

The travel sector is one of the first to feel the decline in confidence, several airlines having withdrawn their financial forecasts for 2025, invoking uncertainty about non -essential expenses.

General Motors lowered its profit forecasts for 2025 on Thursday and declared to expect an impact on customs duties between four billion and five billion dollars.

In this context of uncertainty, the Federal Reserve (Fed) should maintain the status quo on its interest rates at its scheduled meeting next week.

In the financial markets, the number of jobs of employment than expected increases the yields of the American treasury: that of the Treasuries at ten years advances from 5.2 base points to 4.2831% and that of the two -year obligation takes 6.3 base points at 3.7641%.

US stock market indices also amplify their earnings, data that has somewhat calmed concerns about the health of the labor market in the context of the World Trade War.

(Written Lucia Mutikani; Diana Mandiá, edited by Blandine Hénault)

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