U.S. Job Growth Slows

The first jobs report of Donald Trump’s second presidency—showing just 143,000 jobs added last month—suggests he inherited a solid but unspectacular labor market, Associated Press (AP) reporter Paul Wiseman reported.

Economists also express concern over Trump's threat to escalate trade wars and his decision to impose a 10% tariff on Chinese imports. I Photo: U.S. Department of Labor Facebook

Although Trump's plan to push out federal workers is temporarily blocked, the federal hiring freeze he imposed is a “negative for employment growth,” according to economist Bradley Saunders.

Economists also express concern over Trump's threat to escalate trade wars and his decision to impose a 10% tariff on Chinese imports.

Since U.S. importers bear the cost of these tariffs, consumer prices are expected to rise, potentially reigniting inflation. If inflation surges, the Federal Reserve may cancel or postpone its two planned interest rate cuts, which could slow economic growth and further hinder job creation.