Press Escape to close the menu.
A further deterioration of the labor market would deepen the challenges Trump faces with voters who are increasingly dissatisfied with his economic stewardship.
Trump administration officials say they’re optimistic that the labor market will turn around next year once the effects of the president’s business-friendly tax and regulatory policies kick in. | Pool via AP
The U.S. labor market was much weaker than many had assumed at the start of President Donald Trump’s second term. Now, nearly a year later, it’s softening even further, jeopardizing his pledge to deliver a new golden age for the economy.
The unemployment rate rose to 4.6 percent in November, its highest level in more than four years, the Labor Department said Tuesday. The economy gained 64,000 jobs that month after losing 105,000 in October, mostly the result of federal government workers taking buyouts.
