U.S. Economic News
May 4, 2018
U.S. Economic Indicators
The U.S. economy added 164,000 jobs in April, below consensus. The unemployment rate dropped to 3.9%, the labor force participation rate edged down to 62.8%, and average hourly earnings remained muted at 2.6% Y/Y. BLS Report
U.S. News
The Wall Street Journal reports that the Trump administration has demanded a $200 billion reduction in the U.S. trade deficit with China by the end of 2020. The U.S. also demanded that China slash tariffs on U.S. imports, not target U.S. farmers, and also cut subsidies to key high-tech Chinese industries. WSJ