RECESSION: The 'warning sign' in the jobs report that enraged Donald Trump
Revised employment figures from the BLS revealed a significant slowdown in hiring, prompting concerns about the US economy's health. Donald Trump alleged the jobs numbers were manipulated and fired the BLS commissioner. Economists cite Trump's trade tariffs and policy uncertainty as potential factors contributing to businesses' hiring freezes, while cautioning against premature recession declarations despite weakening labor market indicators.
Revised employment figures from the BLS revealed a significant slowdown in hiring, prompting concerns about the US economy's health. Donald Trump alleged the jobs numbers were manipulated and fired the BLS commissioner. Economists cite Trump's trade tariffs and policy uncertainty as potential factors contributing to businesses' hiring freezes, while cautioning against premature recession declarations despite weakening labor market indicators.
