U.S. labour market remains strong with steady job growth and low unemployment
Tariff-related anxiety eased, with fewer Americans expecting a recession in the next year
The unemployment rate held at a healthy 4.2% in April
Producer price index falls 0.5% in April, with tariffs impact expected to show up starting in June
Layoffs remain low despite tariff uncertainty
Applications for unemployment benefits fell by 13,000 to 228,000 last week
Layoffs remain historically low as economy shows early signs of slowing
Businesses continue to hold onto workers despite fears of an economic slowdown
Jobless claims fell by 6,000 to 219,000 for the week ending March 29
The Conference Board’s index dropped to 92.9 in March, below analysts' expectations