The U.S. economy has slowed. How hard will the industry you work in be hit?
Trump’s tariffs have created conditions that make it hard for employers to ‘maintain business as usual,’ especially for these workers
The job market held up through the first three months of the year, leading the White House to declare on Friday that the “Golden Age of America is well on its way.”Yet economists told MarketWatch that they expect the Trump administration’s sweeping tariff plan, which affects all U.S. imports, to have a wide-ranging, negative impact on jobs moving forward.
“There’s no two ways around a price increase like that,” Indeed Hiring Lab economist Allison Shrivastava told MarketWatch. “It’s going to impact the labor market, and broad parts of it.”
As of March 28, before President Trump’s worldwide tariff plans were revealed, job postings on Indeed were already down 9.8% year on year. Thousands of federal workers have lost their jobs as part of the White House’s efforts to reduce government spending. And Shrivastava said the impacts of tariffs on jobs will likely start to show up in April data and onwards.