US labor costs rose moderately in the first quarter.

GoldenOctober2024

2025-04-30 12:49:08

Jin10 data reported on April 30th, that U.S. labor costs rose moderately in the first quarter, as economic uncertainty caused by tariffs cooled labor demand. Labor costs in the U.S. rose by 0.9% in the first quarter, the same as the previous quarter. Data released on Tuesday showed that there were 1.02 job openings for every unemployed person, slightly down from 1.06 in February. President Trump’s comprehensive tariffs have weakened business confidence, and some economists worry this could quickly translate into unemployment. Economists expect that The Federal Reserve (FED) will cut interest rates again sometime this year.

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