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U.S. job growth rebounded more than expected in March as a strike by healthcare workers ended and temperatures warmed up, and the unemployment rate fell to 4.3%, but downside risks to the labor market are mounting from a war with Iran that has no clear end in sight.
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A search is underway for two crew members after a U.S. fighter jet was reportedly shot down in Iran.
Iran shot down a U.S. fighter jet over the country, U.S. officials and Iranian media said. The fate of the crew was unclear.
Trump asks Congress to boost defense spending to $1.5 trillion, the largest such request in decades
Trump is calling on Congress to back a $1.5 trillion defense budget alongside major cuts to domestic programs
The U.S. unemployment rate dips to 4.3% as employers added a surprisingly strong 178,000 new jobs and fewer people were competing for jobs.
The White House said it would ask Congress for about $1.5 trillion for defense in 2027, its highest level in modern history.
