U.S. Economy Adds Just 130,000 Jobs In August Amid Worries That Trade War Has Sunk Its Teeth Into Hiring

In Economy On
- Updated

The U.S. economy added a disappointing 130,000 jobs in August, the Labor Department said Friday, heightening fears that President Trump’s trade war is starting to bite.

The jobs report has taken on greater significance as concerns grow that the U.S. economy has entered a rough patch. Economists had predicted 160,000 job gains in August, but anemic hiring in manufacturing, mining, truck driving and retail — industries that are most directly affected by the trade war — helped drag employment gains down this summer.

The slowdown in hiring comes as broader economic growth has cooled this year. The manufacturing sector is in a recession, and businesses have stopped spending, largely as a result of headwinds from abroad and Trump’s trade battles. But the U.S. economy is driven primarily by consumer spending, and so far, that remains strong as workers continue to get pay raises and see “we’re hiring” signs out in front of many businesses.

Read full article

Consumer Confidence Is Likely To Determine Whether There’s a U.S. Recession

 

You may also read!

Seattle Takes On Citizens United

By Ellen L. Weintraub Ms. Weintraub is a commissioner

Read More...

Who Controls Trump’s Environmental Policy?

A small number of people at a few federal

Read More...

Mobile Sliding Menu

Common Ground
We don’t need to search any further for common ground in our country. We have it.
We all want the same things – a safe, prosperous, free, democratic nation with opportunity for all. At the same time, we will all be harmed if our democracy, our free press, our Constitution and our core American values are threatened. We will all certainly be harmed if reckless behavior triggers any number of potential armed conflicts.

None of us know how this will all play out so let's make a deal. Let’s get up to speed on the issues, establish some facts, take action and watch what happens together . . .