
Tariff Policies and Their Potential Impact on Future the U.S. Job Market
The US labor market conditions in February 2025 were favorable, marked by three labor data indicators: unemployment rate, nonfarm payrolls, and wage growth rate. This data indicates that the US economy is improving despite The Fed’s tendency to maintain a hawkish stance since the last 25bps cut on December 18, 2024. The unemployment rate slightly increased to 4.1% in February 2025 from 4.0% in January 2025 and above market expectations of 4%.