The Trump administration's trade policies are unpredictable, and the resilience of the labor market may be weakened

According to BlockBeats, on March 7th, employment growth in the United States accelerated in February, with the unemployment rate slightly rising to 4.1%. However, increased uncertainty about trade policies and significant federal layoffs may weaken the resilience of the labor market in the coming months. The employment report released by the Bureau of Labor Statistics of the US Department of Labor on Friday showed that the non farm payroll increased by 151000 people in February, and the non farm payroll decreased by 125000 people in January. This is the first report during the tenure of US President Trump. Economists say that the Trump administration's erratic trade policies make it difficult for businesses to plan ahead. Since January, business and consumer confidence have plummeted, wiping out all the growth that Trump achieved after winning the election in November last year, while the stock market has also suffered a sell-off. Intermittent government funding freezes have resulted in some contractors and employees receiving federal grants losing their jobs. Due to the recent increase in employment mostly concentrated in low wage industries such as leisure and hotels, this may exacerbate what some economists call the white-collar recession. At present, the labor market supports the economy, which continues to expand at a very slow pace. (Golden Ten)