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Trump Quietly Slashed Pay Raise for Federal Workers a Day Before Claiming US Economy Is Best ‘In History’
There Are Economic Warning Signs for Trump in the Midwest
President Trump campaigned in 2016 on a pledge to restore jobs — manufacturing jobs, specifically — to long-struggling Midwestern communities, and he has made the economy a centerpiece of his re-election campaign. But job growth has slowed sharply this year in Michigan, Pennsylvania and other states that were critical to Mr. Trump’s victory in 2016, as well as in states like Minnesota that he narrowly lost.
Jobs Report Is Weak, With Gain of 75,000; Unemployment Rate Still 3.6%
The latest report was a disappointing showing that will stoke fears the economy is softening as the Trump administration’s trade war with China and potentially Mexico escalates. The Federal Reserve has signaled that it would consider a rate cut in the event of economic weakness, and May’s data is likely to be an important factor in their decisions.
The U.S. just had the most Q1 layoffs in a decade
The U.S. saw its highest level of layoffs in a first quarter since 2009, data from staffing firm Challenger, Gray & Christmas released Thursday showed.By the numbers: Employers cut 190,410 jobs in the first 3 months of the year — 10.3% higher than the number of layoffs announced in the fourth quarter of 2018 and 35.6% higher than job cuts announced in the same quarter of 2018.
January jobs: The US economy added 304,000 jobs. Workers got a 3-cent raise.
Employers added 304,000 new jobs to the US economy in January — once again surpassing economic forecasts, according to the latest jobs report from the Bureau of Labor Statistics. However, the latest jobs report once again shows little wage growth, which remains the biggest weakness in the American economy. The average US worker hasn’t seen their paycheck get much bigger since the Great Recession, which ended around 2009.