U.S. economy likely created modest 130,000 jobs last month as Trump trade wars lift recession fears
- The Labor Department will release March employment numbers on Friday, with expectations of slower job growth.
- Slower job growth occurs as President Trump's policies heighten economic worries among Americans.
- Economists surveyed by FactSet estimate that 130,000 jobs were added, and the jobless rate may reach 4.2%.
- Thomas Simons of Jefferies stated in a commentary that revisions will cause the labor market to "look quite a bit worse".
- Worries increase as consumer sentiment indicates rising unemployment expectations, potentially leading to economic cutbacks.
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U.S. economy likely created modest 130,000 jobs last month as Trump trade wars lift recession fears
The U.S. job market is slowing at a time when Americans are increasingly anxious about what President Donald Trump’s trade wars are going to do to the economy.
·United States
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Total News Sources18
Leaning Left4Leaning Right1Center6Last UpdatedBias Distribution55% Center
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- 55% of the sources are Center
55% Center
L 36%
C 55%
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