U.S. job growth in March exceeded expectations, and the Federal Reserve is expected to resume rate cuts before June

ChainCatcher news, according to Jinshi reports, the number of jobs added in the U.S. economy in March far exceeded expectations, but with declining business confidence and a stock market sell-off, Trump's tariff policy may test the resilience of the labor market in the coming months. Non-farm payrolls increased by 228,000 jobs in March. The unemployment rate rose from 4.1% in February to 4.2%.

Economists expect the impact of reciprocal tariffs to become evident in the April employment report. As consumers curl up amid rising prices, retail employment is most likely to decline. Financial markets anticipate that the Federal Reserve will resume interest rate cuts before June after pausing its policy easing cycle in January.