Rents and home prices aren’t going up like crazy anymore, but they are still one of the biggest sources of U.S. inflation.
Americans say jobs are harder to find and businesses say they are scaling back plans to hire because of the trade wars. The April jobs report might offer the first hard evidence on whether President Donald Trump’s tariffs are harming the U.S. labor market.
American manufacturers had just begun to emerge from a long slump when the Trump trade wars struck. Now they have fallen back into contractionary territory as they try to cope with widespread tariffs.