The U.S. labor market likely kept on churning out jobs last month, economists say, but the outlook is cloudy and getting cloudier as the Trump administration wages trade wars, purges federal employees and seeks to deport millions of immigrants
The US economy likely added 160,000 jobs last month, a solid number according to economists. However, concerns about the economy's health are rising due to Trump administration policies like trade wars and immigration restrictions. While federal layoffs won't significantly impact February's numbers, a "dent" is expected in subsequent months. Economists anticipate a slight decrease in wage growth, unlikely to prompt an immediate interest rate cut by the Federal Reserve.
