US jobs market better than expected even as hiring slowed in April
1. US jobs added 177,000 in April, stronger than expected. 2. GDP shrank by 0.3%, marking first decline in three years. 3. Federal employment fell by 9,000, down 26,000 since January. 4. Trump blames tariffs for economic slowdown while pushing for rate cuts. 5. BLS suggests many job losses underreported, causing recession fears.