U.S. Economy Shows Remarkable Resilience in Face of Trade Turmoil

The world’s most powerful economy is showing remarkable resilience in the face of enormous pressure.

Employers added more jobs than many economists expected last month, and the low unemployment rate held steady. The U.S. economy contracted in the first quarter, but the result was distorted by a rush of imports that offset generally solid demand. The stock market rallied sharply from its April lows.