Job opportunities are shrinking as layoffs in the federal government reach a four-year high, with job openings hitting their lowest level since September. The labor market is cooling, as US job openings decline to 7.57 million, falling more than forecasted. Ahead of Trump tariffs, U.S. job openings slightly decreased, leading to speculation about the impact of future economic policies.
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Higher U.S. tariffs officially in effect on dozens of nations
President Trump initiated higher import tariffs on over 60 countries, with rates of 10% or more beginning Thursday, as the U.S. economy showed signs of strain from previous tariff threats, including stalled hiring and inflation. While Trump touted the tariffs as a means to boost manufacturing and reduce the trade deficit, economists warn of potential long-term economic erosion and uncertainty surrounding their impact. Want More Context? 🔎
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