BREAKING NEWS First jobs report since Trump's tariffs stuns Wall Street
America's jobs report has shocked investors.
Analysts predicted 135,000 jobs and the unemployment rate to hold at 4.2 percent. Instead, the numbers are stronger than expected.
The US jobs market grew by 177,000, while the unemployment rate kept steady.
It's the second straight month of surprising jobs numbers: payrolls increased by 228,000 in March.
US stock index futures extended gains after the stronger-than-expected jobs report calmed worries over the health of the labor market amid tensions of a global trade war.
At 8.30am ET, futures for the Dow Jones were up 299 points, or 0.73 percent, for the S&P 500 were up 42.25 points, or 0.75 oercent, and for the Nasdaq were up 139.5 points, or 0.70 percent.
Tariffs and massive federal job cuts were expected to slash jobs much further.
But experts believe the numbers are about to get worse.
'Let's not fool ourselves, things are going to get worse later this year, probably later in the summer,' Robert Frick, Navy Federal Credit Union's corporate economist, told CNN.
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