Trump’s economic pitch took a serious hit Friday after the latest federal jobs report revealed stunning weakness in the labor market.
How much worse does it get?
After months of warnings from economists and weakening data from the private sector, federal jobs numbers have caught up to the concern.
“More concerning is that with the negative impact of tariffs only just starting to be felt, the coming months are likely to see even clearer evidence of a labor market slowdown.”
The U.S. economy needs to add 80,000 to 100,000 jobs each month just to replace those who leave the workforce for retirement or incapacity. Without a significant turnaround, the unemployment rate could begin to rise, and the overall economy could slow drastically.
President Trump’s economic pitch took a serious hit Friday after the latest federal jobs report revealed stunning weakness in the labor market. He responded by firing the commissioner of the Bureau of Labor Statistics (BLS) for what he called politically motivated revisions that lobbed off...
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