The first major set of financial reports last week reflects the economy of the United States during the first full month of the office of Chairman Donald Trump. Statistics show in both the public and private sectors and gradually rented rental growth in the Low, showing a great deal of financial distress in the following months.
According to the Labor Department reported on Friday, the American Economy added 19,3 jobs – less than economics expectations. Last year, there are approximately 7.1 million Americans getting unemployment benefits compared to 6.5 million.
“I think the real danger here is that if you think about what Trump is doing, this may be their last boring report, which I think is really harmful to the economy. If you look under the hood, I think we are starting to see a lot of foreword cracks, “Elizabeth Pancotty, Managing Director of Policy and Advocate, told Al Jazia at Economic Think Tank Groundwork Collective.
The White House painted an alternative picture. In a statement, the Press Secretary of the White House Carolin Levit said, “A month under the leadership of President Trump, the American economy is returning to Mahanatya after Biden’s financial disaster.”
Former President Biden’s Covid -1 (a disease) was praised as the best economic recovery in the world after the global economic recession of all the country (or continent).
Moody TICS Nalitics Chief Economist Mark Zandi said that the number of last week is likely to be a short time.
“It is a peace before the storm,” before the storm, Jandi said, “We started to look at the job market from Trade War and Trump’s other financial policies,” Zandi told Al Jazira. Doge is a newly created government efficiency department, which is led by Ardent Trump supporter, billionaire Elon Musk.
Those concerns are coming back Comments made by Trump On the weekends, the SP ND P 500 lost 155.21 points or 2.69 per cent, when they ended by 5,614.99 points, refused to return to the stock market on Monday. This is the first time the support level-viewed level-looking at the 200-day-run average of November 2022.
According to CNN, the Nasdack Composition Index scored 726.01 points, or 3.99 percent, the largest single-day reduction from 17,470.21-September 2022. Dow Jones Industrial also fell 890.63 points or 2.08 percent to 41,911.09.
Cut to the horizon
There are the main indicators that indicate that they are damaged in the coming months. The index indicating how many people have done part -time work because they were unable to find full -time work or their hours have been reduced, increased by 460,000 from a month, increased 460,000.
“If you are on the job 3 days, this is the smallest honeymoon period. It has a very stable, beautiful concrete economy inherited on paper and after 50 days it is already getting worse. I do not think that when it has happened, “Panakotty further said.
Since Trump took over, Doge has cut almost 000 33,3 people in the entire federal government of the Federal Government.
Due to the ongoing court cases, the officials of the labor department have 5,3 employment. Employees include US International Development (USAID), National Park Service, National Institute of Health Institute, National Oceanic and Atmospheric Administration (NOA) and many other government agencies.
The number of public sector deductions is likely to increase due to the recent deduction of the period of the month of closure of the monthly Bureau (Department of Labor Department).
Earlier this month, the Trump administration announced a plan to cut the experienced working department, 000,3 employees. The President has appealed to the education department to decompose, though it can only be done by the law of the Congress.
Global Investment Firm Apollo’s estimate Considering the federal contractors at the top of the full-time employees, the federal workforce deduction can lose about 1 million jobs.
Last week’s job report, the biggest profit was in the healthcare area, with an increase in 000,3 jobs. However, reducing healthcare can lead to very short -lived due to that profit.
“If we are watching a large number of medical cuts – we are already watching NIH and health research reduction – Medicare cut tables. All of them can really threaten the area that they are making a lot of profit from the job, “Pancotty further said.
The downstream effect has already hit the private sector, which depends on the federal funds. Al Jazir, a private sector workers in Texas, who spoke to Al Jaizira, said that the company they worked with was a large number of customers who have a large number of dependent customers on federal funds.
“We went to the books in the inauguration in the inauguration of the inauguration of the q3 of the 225,” Sources told Al Jazira.
“Now I don’t have to spend money and do nothing without looking for a job, I don’t spend money in the economy. I don’t do things like improvement in my home. I would have paid the contractor to do it. I am within two months of compensating my students’ last loan and now I will be punished until I find something new. Now, if I can make the necessary trip to take my cat to the veterinarian, I have to worry, “the sources said.
According to the Commerce Department statistics, American consumers have reduced the cost for the first time in almost two years.
Others are worried about how they are going to get, such as Catholin Chlor -organized criminal and corruption reports in the audience’s investment, Nanfa, who received funds from the USAID, was just released. A The single mother in Hawaii – one of the only expensive states that the average cost of the household is more than $ 800,000 – Chlorine has two children.
“I’m supporting two of my two children. It is more difficult to do with this uncertainty, “Chlorar told Al Jazir.
“I am surprised that Donald really thinks about what ordinary, middle -class people are doing, who are just trying to live and trying to provide for their children. Why does he want my life so hard? “She added.
Private sector reduced anger
Trump said on Friday: “We are trying to narrow the government and increase the private sector. We were doing this. “”
But the private sector pavements are also increasing. The EDP, which tracks a private salary category that was not added to the US economy last month, added 000 77,3 employment, which is otherwise less than the expected 888,3 economists. Fursi and hospitality sectors, a notorious low salary set of industries, came to a profit, and out of which, 000,3,3 employment was added.
ADP chief economist Nela Richardson said in a statement, “The uncertainty of the policy and the slowdown in consumer expenses could reduce or decrease the job on the job last month.”
A separate separate from Challenge, Gray and ChristmasWhich helps to find new jobs to non -profit employees, proved that in February only US owners declared more than 172,000 job reduction – 245 percent increase in the last month – COVID’s highest jumps after July 1 during July 1 during the height of the country (or continent). The biggest annual growth of the recession was seen in February 1 in.
Compared to the previous year, the retail sector led the deduction by 572 percent in the entire industry.
The tech sector showed a wave of high-profile plane ban, which is continuing the theme starting last year. In 2024, the tech industry reduced more than 157,000 jobs. Meta – Facebook and Instagram’s original company – who released 6,66 employees last month. The news has come after a few weeks after his Chief Executive Officer donated 1 million to the inaugural fund of Trump.
Jeff Bezos also donated $ 1 million to Trump’s inaugural fund. Only after a week, the aerospace monster blue origin, which runs a bezos, left 1,400 people. Alphabet – Google’s original company – approximately 100 people left in February. He also donated $ 1 million to the inauguration of Trump.
All those companies were present at the inauguration of Chief Executive Officer Trump.
Microsoft cut approximately 2,000 people out of his employees. A few days before the inauguration, he met his CEO in January at his Mar-e-Lago Golf Club in January with his chief executive officer Trump.
Other large companies, including oil and gas monster Shevon, announced a pending ban last month. This comes as the crisis of Chevron will be worse. The Trump administration canceled the license -based oil and gas company’s Venezuela oil to pump the license Houston.
Starbucks and Southwest Airlines have also announced a deduction in recent weeks.
The rates can lead to widespread reduction
Trump’s financial policies, his rates and further rates and subsequent retaliation rates will obstruct US employees. Trump delayed 25 per cent rates on Canada and Mexico till April 2. The second time he raised the rate and then pulled back.
“Trade war is also harming more than other financial policies. This is creating uncertainty for businesses, “Jhandi continued.
The Automotive industry has an immediate effect on the rates on Canada and Mexico. The prominent players in the field have rejected the President’s plans in recent weeks, in which Ford’s chief executive officer Jim Frease said that the rates in the automotive industry will “hole”.
Other prominent players in the field of production are expected to get worse. Alkoa CEO, who is one of the largest aluminum manufacturers in the United States, William Oplingar, said at a conference last month that aluminum prices will have a job of 1,5,3 jobs for the US economy.
“These Presidents seem to be serious and will constantly engage in widespread-based rates in the way. If he does this, I expect other countries to revenge less and more and will be a lot of damage to the full developed trade war. And if they actually go on that route, I think that after year, the risk of recession, then in this spring and you and summer, is too high, “Zandi further said.
New investment
Trump has claimed a handful of financial victories in the first week in the office, which includes a larger investment to build more trees from Honda, which eventually gives more production jobs. However, the product will not come online by May 2028 – less than one year before Trump expires.
Japanese truck manufacturer Isuzu announced a new plant in South Caroline, in which 700 people will get a job. But this will start operations in 2027.
Trump signed a contract for TSMC – Taiwan’s semiconductor chip manufacturer – BE 100 billion investment. Trump started negotiating for an agreement under the Biden administration, who forced Chip Maker to increase the initial $ 6.6 billion investment.
In February, the Trump administration has committed an investment of $ 500 billion in the recent APPLE Palla of the Trump administration. When Biden was the president in April 2021, Apple Pal made a comparative commitment.
The White House did not respond to the request to explain Al Jazzir.