Hoyer: Report Reveals ‘Precarious’ Moment for Economy
The US Labor Department’s April 2025 job reports showed modest job growth for the month, with 177,000 jobs added and the unemployment rate holding around 4.2%, said Congressman Steny H. Hoyer.
“Other key indicators reveal just how precarious this moment is for the American economy,” Rep. Hoyer (D-MD) said. ” [W]e learned that for the first time since the end of the pandemic, the American economy shrank over the past three months. Costs continue to go up, the stock market continues to fall, and Americans’ confidence in their economy continues to erode with no end in sight.”
According to the Bureau of Labor Statistics’ Employment Situation Summary, employment continued to trend up in health care, transportation and warehousing, financial activities, and social assistance. Federal government employment declined.
Congressman Hoyer is chair of the Regional Leadership Council.
For more information about Rep. Steny H. Hoyer, visit his Leader member page.
