💨 Abstract

Economists and Federal Reserve officials warn of a potential weakening of the U.S. labor market due to the unpredictable U.S.-China trade war. They also revised up inflation projections for 2025 and lowered economic growth expectations. Concerns about job growth persist, with businesses pausing recruitment due to uncertainty. Recent data shows a 4.2% unemployment rate and solid job growth, but future economic health hinges on trade policy outcomes.

Courtesy: WTOP Staff