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April's US jobs report, due Friday, is anticipated to show 135,000 jobs added and unemployment at 4.2%, a significant drop from March's 228,000. Economists express concern over rising economic uncertainty due to Trump's trade policies and federal spending cuts. While initial jobless claims remain low, layoff announcements are increasing, and consumer and business sentiment is negative. Sectors like state and local government, leisure, and hospitality may show slower growth, reflecting broader economic anxieties. Wage growth is also expected to soften.

Prepared by Christopher Adams and reviewed by editorial team.