US labor market holds steady despite darkening clouds from tariffs
WASHINGTON (Reuters) -The number of Americans filing new applications for unemployment benefits rose marginally last week, suggesting the labor market remained resilient despite darkening clouds over the economy caused by tariffs on imported goods. But growing economic uncertainty caused by President Donald Trump's constantly shifting tariffs policy is eroding business and consumer confidence, which could undercut spending and lead to job losses. Signs of caution among businesses, evident in surveys and corporations cutting financial guidance, were reinforced by other government data on Thursday showing business spending on equipment barely rose in March.
