by Martha C. White
Even an improving labor market can’t shake Wall Street's worry over
the Trump administration’s tariff bluster. All three major indices were
sharply down Friday, with the Dow Jones losing 600 points by
mid-afternoon as investors digested the day's news.
Although the
official unemployment rate remained at 4.1 percent, a broader
unemployment measure continued to tick down, and wage gains increased, the Bureau of Labor Statistics reported a mere 103,000 jobs added in March.
“It
was surprisingly low,” Andy Challenger, vice president at Challenger,
Gray & Christmas. “It could be a sign of some tentativeness from
employers,” he suggested.
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Source: NBC News
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