The U.S. economy surpassed job growth expectations in March, when nonfarm payrolls increased by 228,000 jobs. However, President Donald Trump's tariffs on imports may challenge the job market due to declining business confidence and a stock market downturn. The unemployment rate rose to 4.2% from 4.1% in February, with businesses cautious about hiring due to trade policy uncertainties. Trump's tariff announcements have caused concerns among businesses, potentially leading to job losses. Analysts predict negative impacts on supply chains, consumer spending, and a possible recession within the next year. The Federal Reserve may resume interest rate cuts as early as June to counter the economic effects of the tariffs.
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