American economic concerns are Jabal while Trump is implementing definitions, lowering the workforce and freezing spending

American economic concerns are Jabal while Trump is implementing definitions, lowering the workforce and freezing spending

WASHINGTON (AP) – With its waves of definitions, government hairstyles and spending, there are increasing concerns that President Donald Trump may do more to harm the American economy rather than reform it.

The labor market is still in good health with the unemployment rate of 4.1 % and 151,000 jobs added in February, and Trump loves to indicate investment obligations by Apple and Taiwan semiconductor and Taiwan to show that it achieves results.

But the recruitment report on Friday also found that the number of people stuck in part -time work due to economic conditions jumped by 460,000 last month. In the entertainment and hospitality sectors that reflect consumers who have additional money to spend, 16,000 jobs. The federal government lower its salaries by 10,000 in a possible warning of the warning market, consumer confidence, and other measures that the economy is heading.

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Since January, the index of economic policy has increased by 41 % to a level, 334.5, which in the past indicated stagnation. Nicholas Bloom, an economist at Stanford University and the co -developer of the uncertain index, said it is unclear how he will do so, but he is worried.

He said: “I have an increasing fear that we will enter into what can be known as” Trump’s stagnation. “Continuous political turmoil and the war of customs tariffs can turn the American economy to its first stagnation in five years.” This last recession occurred during the Trump reign due to the Korona virus.

For his part, Trump appears to be comfortable with the uncertainty that he creates, saying that any financial pain of import taxes is just a “disruption” that will eventually lead to the transfer of more factories to the United States and stronger growth.

If Trump’s maneuver succeeds, the Republican will enhance his reputation as an unconventional leader who has proven wrong for celebrities. But if Trump’s opposite results, a lot of price will be paid by ordinary Americans who may suffer from job losses, fewer wages, high inflation, and possibly a feeling of national pride.

In an interview with the broadcast on Sunday on “Fox News”, Trump was pressed to provide some clarity on his identification agenda that caused uncertainty. The president has greatly surrounded his answer and blamed a 6 % decrease in the stock market in the past two weeks on “adult globalization”.

The president said: “As you know, the definitions can rise over time, and you may rise, as you know, I do not know if this is the ability to predict.”

The White House confirms that Friday’s job report showed that the management strategy is working because manufacturers added 10,000 jobs. Among the gains of manufacturing, 8900 jobs came from the auto sector, and some job losses in the industry in January. The White House also suggested that losing entertainment and hospitality was the result of the influenza season and people who exhausted savings and credit card debts due to President Joe Biden’s mandate.

“I believed it was a truly impressive report,” said Kevin Haysit, director of the National Economic Council of the White House.

Haysit said that the additional factory functions were the result of companies “on clouds” due to the upcoming definitions.

“This is the first among many reports that will look like this,” said Hasit with regard to employment in the industrial sector.

The sale of the stock market raises doubts about whether the tariffs will create the promised jobs.

“The markets expect,” said John Silvia, CEO of the dynamic economic strategy. “The dark alley of definitions indicates high inflation, slower economic growth and the weakest US dollar. It is an economic horror movie in a slow movement.”

Trump incited a trade war last week with Canada, Mexico and China, only after he reached a month’s stoppage on some import taxes due to the threat of the American auto factory jobs and because of the latest Mexico efforts to reduce the smuggling of fentanel.

Trump says more customs tariffs will come on April 2 to Europe, which may put the United States in an open conflict with a continent that helped rebuild after World War II. In his speech to a joint session of Congress on Tuesday, Trump said that South Korea, India and Brazil could face a new tariff.

Silvia said that Trump’s tariff should be more targeted in terms of products and countries and setting lower prices, adding that doing so will save a guarantee that there are strong research supporting measures.

There were multiple signs of uncertainty and concerns about the definitions in the beige book in the Federal Reserve, a group of tales from hundreds of companies issued by the Federal Reserve eight times a year.

The Book Book, which was published on Wednesday, was published on Wednesday, a sign of uncertainty, an increase of only 17 in the previous version in January.

“Many companies have pointed out that economic uncertainty has been increased and expressed concern about the definitions,” stated by the Federal Reserve Branch in New York. “Looking forward, companies were significantly optimistic.”

“This is the ideal storm of companies,” said Brian Bethon, a Boston -College economist. “How can you plan anything in this environment?”

However, Treasury Secretary Scott Bessin said on Friday to CNBC that he sees a positive momentum in anti -inflation. He said that crude oil prices have decreased since the opening of Trump, as well as interest rates in US Treasury notes for 10 years and mortgages.

However, government debt interest rates are higher than last year in September, and the recent decline may reflect a slowdown in economic demand.

Bessent suggested a basic problem that the American economy has become excessively dependent on the government deficit and that the Trump administration will enhance stronger growth in the private sector.

“We have become addicted to this government spending, and there will be a period of toxins,” he said.

This special form of economic rehabilitation comes from the Ministry of Governmental efficiency in Trump, which is led by deformed technology pole Elon Musk, the owner of Tesla, X and Spacex, among other companies.

The alleged savings by Doug are still very moderate to dissuade the disturbing path of national debts that are largely driven by tax revenues that are not enough to cover the increasing costs of social security and medical care.

But the initiative began to reduce the size of the federal workforce in ways that could appear in future job reports. About 75,000 employees have taken the deferred resignation plan. There are also thousands of federal workers who have been separated and tens of thousands of layoffs coming based on management plans.

On Friday at the Oval Office, it was asked whether government layoffs might hurt the labor market in general, Trump said the economy would be great.

“I think the labor market will be great, but it will have high -wage manufacturing functions.” We had a lot of people in the government. You can only do that. “

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Christopher Roger, Economy AP, contributed to this report.

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