drmonalidesai on Nostr: Is the US entering a recession or stagflation period because of the Trump ...

Is the US entering a recession or stagflation period because of the Trump Administration’s recent economic policies? Most Americans should save additional money in case they lose their jobs and have difficulty finding new jobs as many companies are now on hiring freezes.🇺🇸

“The job market is terrible,” said Douglas Holtz-Eakin, former director of the Congressional Budget Office during the George W. Bush administration. “Outside of education and health, the economy has lost private sector jobs in the past three months. That’s terrible.” Several recent economic indicators are pointing in the wrong direction – weakness in second-quarter gross domestic product and slower-than-expected growth in both the manufacturing and services sectors, for example.

“Friday’s jobs report was terrible with recessionary level numbers, but slowing hiring is not new,” said Robert Ruggirello, chief investment officer, Brave Eagle Wealth Management. “While Friday’s report does not mean we are entering a recession, it shows that companies are freezing hiring and firing until there is more policy certainty and business confidence.” 🇺🇸

https://timesofindia.indiatimes.com/technology/tech-news/recession-the-warning-sign-in-the-jobs-report-that-enraged-donald-trump/articleshow/123162360.cms#:~:text=While%2520this%2520slowdown%2520doesn't,a%2520below%252Dpotential%2520pace.%E2%80%9D