Unemployment rate rises to 4.6 percent as job cuts hit federal workers and manufacturing sector.

Data shows the headline unemployment rate continued to climb and hit 4.6%, a four-year high, last month

Hiring has clearly lost momentum, hobbled by uncertainty over President Donald Trump’s tariffs, among other things.

However, the mixed official report still leaves room for debate among central bankers.

Unemployment rate rises to 4.6 percent as job cuts hit federal workers and manufacturing sector.