Job Losses Widen, Tariffs Blamed
Update: 2025-12-04
Description
Job losses in the private sector escalate, marking the third consecutive month of decline, with thirty-two thousand jobs shed in November. This trend, coupled with steadily eroding job growth, raises serious concerns for the economy. Tariffs are identified as a significant factor contributing to this slowdown. The job market is becoming increasingly challenging, with only a few sectors like education, health services, and leisure and hospitality adding jobs. The Federal Reserve may consider cutting interest rates to encourage spending and prevent unemployment from rising. Smaller businesses are struggling to adapt to supply chain disruptions caused by tariffs, highlighting the complex relationship between trade policies and the domestic job market.
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