Job Growth Stalls In August As Trump Tariffs Strain Labor Market
The US labor market slowed sharply in August, as President Donald Trump's tariffs, inflation, and lower consumer confidence grip the nation's economy.
There were 22,000 jobs added nationwide in August, the Bureau of Labor Statistics said in a news release on Friday, Sept. 5. The weak numbers mark one of the softest hiring months in recent years, falling well below the Dow Jones estimate of 75,000 new jobs, CNBC reported.
Unemployment also ticked up to 4.3%, its highest level since July 2024. A broader metric, which includes discouraged workers and those with part-time jobs fo…
Consumer Confidence Falls To 2022 Lows Amid Tariff Worries, Affordability Crisis: Survey
Consumer confidence plunged in March, hitting its lowest level since 2022 as lingering inflation, a slowing job market, and economic uncertainty weigh on Americans.
The preliminary consumer sentiment index dropped to 57.9 in March, down 10.5 percent from February, a survey from the University of Michigan said on Friday, Mar. 14. It marks the lowest reading since November 2022 and 27.1 percent lower than March 2024.
The decline marks the third consecutive month of falling confidence, with all age groups, income levels, and political backgrounds reporting a more negative outlook.
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Trump Vows To Hit Canada, Mexico, China With Tariffs: Here's When, How Much
Donald Trump's months-long threats of implementing tariffs on other countries are apparently hours away from becoming a reality.
Click here for a new, updated story - Trump Tariffs Take Effect: Expect To Pay More For These Items, Experts Say
White House Press Secretary Karoline Leavitt announced at a news conference Friday afternoon, Jan. 31 that both of America's neighbors, Canada and Mexico, will be slapped with 25 percent tariffs on goods. A third nation, China, America's main economic rival, will be hit with 10 percent tariffs.
They take effect on Saturday, Feb. 1, and are "for …
