Despite Slipping GDP, Employers Aren’t Turning to Layoffs—Yet

New Labor Department data shows companies created 177,000 jobs in April, but the impact of import tariffs is expected to bite in May, and could send the economy into recession.

May 2, 2025 - 15:54
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Despite Slipping GDP, Employers Aren’t Turning to Layoffs—Yet

New Labor Department data shows companies created 177,000 jobs in April, but the impact of import tariffs is expected to bite in May, and could send the economy into recession.