US job growth steady amid trade war

The US economy remains stable despite the ongoing trade war. Employers added 177,000 jobs last month, keeping the unemployment rate at 4.2%, according to the Labor Department.

This marks 52 straight months of job growth, even as the US entered a global trade war.

While tariffs on Chinese goods have surged to at least 145%, the job market has not yet weakened. However, businesses reliant on imports are feeling pressure.

Ocean container bookings from China have plunged 60%, and major firms like GM and UPS have pulled annual guidance.

Though businesses are halting imports, they continue to hire. Wages are up 3.8% year-over-year, but prices for goods like sneakers and detergent are set to rise.

Consumer sentiment is slipping, but steady household spending and strong company balance sheets are helping maintain momentum—for now. Economists warn the real strain may hit in the months ahead.