-
Pegula dethrones Swiatek to reach Cincinnati final
-
World No. 3 Pegula beats defending champ Swiatek to reach Cincy final
-
IndyCars zip among iconic Washington landmarks ahead of Freedom 250
-
Wyndham Clark surges clear at BMW Championship
-
Real Madrid snatch late win at Espanyol on Mourinho's return
-
Maresca says Man City must fill Rodri void after Barca switch
-
Real Madrid beat Espanyol in Mourinho's first game on return
-
Canada retaliates as trade war with US escalates
-
Olise helps Bayern past Dortmund in German Supercup
-
Fils dominates Cobolli to book Cincinnati final
-
Coach Rennie hails clinical All Blacks after Springboks Test win
-
Spurs lacked fight in dismal defeat at Brentford says De Zerbi
-
Charlton deliver blow to 'under pressure' Hammers boss Nuno
-
Inter thrash Monza to launch Serie A title defence
-
Carrick keeps calm despite Man Utd misery, big-spending Spurs crushed
-
Shambolic Spurs battered by Brentford
-
Canada's Carney stands up to Trump, despite risks
-
Pogacar wins Vuelta a Espana opening stage
-
Lens hammer Auxerre thanks to Thauvin penalty double
-
Clinical New Zealand shock wasteful South Africa in first Test
-
No singles for Serena, but she joins Alcaraz for US Open
-
Canada hits back with new tariffs after trade talks with US fail
-
Joao Pedro extends Chelsea stay with new long-term deal
-
Swedish police identify 17-year-old girl as victim in school sword attack
-
Yamaguchi to face An in hunt for fourth badminton world crown
-
Carrick keeps calm despite Man Utd misery, Sage beaten in first game as Palace boss
-
Norris clinches pole for Dutch GP
-
France to deliver interceptor missiles to Ukraine after new Russian strikes
-
Norris clinches pole for Dutch Grand Prix
-
Serena Williams and Alcaraz unite in US Open mixed doubles
-
Pope Leo calls for courage in Rimini visit after stop in tiny San Marino
-
Macron pledges air defence as 13 killed in Russia, Ukraine strikes
-
Man Utd must learn from 'frustrating' defeat at Hull: Carrick
-
DR Congo capital wary of Ebola nightmare
-
Yamaguchi on course for fourth badminton world crown
-
Swedish police name 17-year-old girl as victim in school sword attack
-
Man Utd humiliated by Hull in dismal start to Premier League season
-
South Korea sends first container ship through Arctic route
-
Anthropic market debut could break SpaceX IPO record: media
-
Trescothick eager to keep England job despite Hussey approach
-
Pope's 'couturier of the sacred' fueled by faith
-
Indonesia deploys hundreds of soldiers to tackle Borneo fires
-
Duplantis locked in on 'grinding' for big bars
-
The last lap: Fans, drivers bid fond farewell to Dutch GP
-
Stokes says decision to leave Headingley off Ashes roster 'shambolic'
-
Silesia Diamond League: four events to watch
-
New arrival Rodri to miss Elche opener: Barca's Flick
-
Russell wins Dutch GP sprint race, Antonelli fourth
-
Atletico's Alvarez to return against Villarreal: Simeone
-
Mercedes driver George Russell wins Dutch GP sprint race
US job growth strong in March but Trump tariff impact still to come
US hiring soared past expectations in March, government data showed Friday, but analysts warn this is "old news" as the full effects of President Donald Trump's tariffs and federal cuts have yet to ripple through the country.
The world's biggest economy added 228,000 jobs last month, much more than the 130,000 economists anticipated and significantly above February's revised 117,000 figure, said the Department of Labor.
The jobless rate meanwhile edged up to 4.2 percent, from 4.1 percent in February.
Trump called these "great job numbers" in a social media post, suggesting his policies were "already working."
"The President's push to onshore jobs here in the United States is working," White House Press Secretary Karoline Leavitt said in a separate statement, pointing to job growth in areas like transportation.
Since January, the Trump administration has embarked on wide-ranging job cuts to the federal government, while the president also unleashed steep tariffs targeting allies and adversaries alike.
Economists expect it will take time for their full effects to materialize, warning of higher consumer prices and lower growth.
- 'Old news' -
"The labor market was in good shape as of last month, but it's old news considering the Trump Administration's tariff announcement and ensuing global market rout," said Nationwide chief economist Kathy Bostjancic in a note.
Trump's announcement this week of a 10 percent baseline tariff hitting US trading partners except Canada and Mexico from Saturday -- and higher rates to come on most economies -- was "larger and more complex" than expected, she said.
Mike Fratantoni, chief economist of the Mortgage Bankers Association, warned: "In light of the tariff announcements this week and the sharp drop in stock markets around the world in response, these data are likely not capturing the moment with respect to the actual strength of the economy."
Sectors that saw job gains included health care and social assistance, alongside retail trade -- "partially reflecting the return of workers from a strike," the Labor Department said.
But federal government employment declined by 4,000 in March, following the loss of 11,000 jobs in February.
Average hourly earnings grew 0.3 percent in March to $36.00, picking up slightly from February's pace.
- Rate cut caution -
"There is still substantial uncertainty of what the eventual import tariff rates will be and how long they will remain in place," said Bostjancic.
She added that "this is a very fluid situation with actions and counter actions" between Washington and trading partners.
China announced Friday steep counter tariffs on its US imports, triggering a further warning from Trump that Beijing "cannot afford" to take such action.
Trump could take further tit-for-tat measures. White House officials warned Wednesday that "if other countries retaliate," that undermines the effectiveness of Trump's order invoking emergency economic powers to impose the upcoming tariffs.
"Of course, the President is going to respond to make sure that the order is not undermined," the official told reporters.
Fratantoni expects the US central bank to stay in "data-dependent mode" and "remain cautious with respect to any rate cuts so long as inflation is above target, and the job market data continues to come in strong."
Economists are monitoring the effects of sweeping tariffs Trump imposed on major US trading partners in March, alongside the even broader action taking effect in April.
"Most economists would say this is a huge disruption," said Dan North, senior economist at Allianz Trade North America.
Uncertainty itself "is now a driving force economically," he told AFP.
Apart from adding to consumer costs in the near-term, North expects tariffs could also "put a damper on job growth."
B.AbuZeid--SF-PST