politics
Trump odds of voter revolt over economy hinge on Iran war impact
Key takeaways
- The April jobs report, released Friday, defied expectations with a gain of 115,000 new workers and a stable unemployment rate at 4.3 percent.
- After more than a year of steep cuts to immigration and ever-changing import taxes, the U.S. labor market may finally be adjusting to an economy with far fewer workers and more uncertainty than before Trump took office.
- An uneasy status quo best described as a low-hire, low-fire labor market remains intact, Joe Brusuelas, chief economist at audit and tax firm RSM, said of the April jobs report.
Why this matters: political developments that affect policy direction and public trust.
The April jobs report, released Friday, defied expectations with a gain of 115,000 new workers and a stable unemployment rate at 4.3 percent.
After more than a year of steep cuts to immigration and ever-changing import taxes, the U.S. labor market may finally be adjusting to an economy with far fewer workers and more uncertainty than before Trump took office.
An uneasy status quo best described as a low-hire, low-fire labor market remains intact, Joe Brusuelas, chief economist at audit and tax firm RSM, said of the April jobs report.
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