Name: The Impact of Trump’s Tariffs on April Jobs Report: WSJ Analysis
Uploaded: 2025-05-02T18:03:00Z
Duration: 1 min 42 s
Description: The U.S. economy added 177,000 jobs in April, signaling a solid job market despite the rollout of President Trump's tariffs. WSJ’s Matt Grossman explains what to know about the report and what it means for the months ahead.

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The U.S. economy added 177,000 jobs in April, signaling a solid job market despite the rollout of  President Trump's tariffs. WSJ’s Matt Grossman explains what to know about the report and what it means for the months ahead. Photo Illustration: Elise Dean

https://m.wsj.net/video/20250502/eb0edce1-859f-45cd-a5be-2526b10c7265/1/hls/manifest-hd-wifi.m3u8

The U.S. economy added 177,000 jobs in April, signaling a solid job market despite the rollout of  President Trump's tariffs. WSJ’s Matt Grossman explains what to know about the report and what it means for the months ahead.

The Impact of Trump’s Tariffs on April Jobs Report: WSJ Analysis

The economy added 177,000 jobs in April, quite a bit better than what a lot of economists were expecting. Obviously, April was an incredibly anxious month.

April 2nd, 2025 will forever be remembered as the day American industry was reborn.

We got all of these new tariff policies and financial markets reacted very dramatically. Everyone was kind of waiting with bated breath to see some indications of what was actually happening in the economy. And the first answer we're getting is that really not much happened right away. People weren't getting laid off left and right. It didn't become dramatically harder to find a new job. On the other hand, there are some big caveats to that. One of the biggest is that the report really only reflects data from the first couple weeks of April. And if you remember, that was really just as the tariffs were landing, what companies have been telling us is that there's just a tremendous amount of uncertainty and the way that many of them are responding or to kind of put plans on hold, first of all, because it's unclear how the economy's going to change. And second of all, because trade policy has already changed so quickly, so often over the past month that there's really not a lot of clarity about what the long term shape of these tariff policies are going to be. For a lot of companies, it's a time to kind of hold steady. They don't want to make dramatic moves that they can't undo quickly, like laying off a lot of workers. We're still going to see big changes to the economy from tariffs. What the April report indicates, I think, above anything else is just the uncertainty that companies and employers have in trying to determine the best way to respond.

Video from around the world on the latest news developments, with insight from Wall Street Journal editors and reporters. 

The Impact of Trump’s Tariffs on April Jobs Report: WSJ Analysis

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