During the month of March 2019, 196,000 jobs were created by employers
which has been an over 100% increase as compared to the previous month
which had a low figure of only 33,000. This is a good sign for the USA
economy which is in seemingly in a never-ending trade war saga with China.
Unemployment rate has stayed at a steady 3.8 percent which is close to its
lowest level in 50 years.
It isn't all good news though as the trade war with China is having its side effects.
Investment is slowing down and the effects of President Trump's $1.5 trillion tax
is wearing off.
https://www.independent.co.uk/news/business/news/us-jobs-report-donald-trump-nonfarm-
payrolls-a8856676.html
payrolls-a8856676.html
Thats such a significant increase from merely one month to another! I wonder where the disparity lies and although 196,000 jobs were added- are they temporary low wage jobs or permanent jobs that will actually boost the economy? There is also a significant difference in growth forecasts between the White House and The Federal Reserve of 3.2% and 2.1%, respectively. I wonder if the administration is exaggerating their numbers just so they gain support for their tariffs.
ReplyDeleteI wouldn't necessarily say that it is never ending. The trade war has not been going on for that long especially since talks with China will open back up in October according to the news. If it does continue for a long period of time I actually think that China will have worse side effects than we would, but coming to an agreement should become a priority for each side.
ReplyDelete