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#jobs

38 posts32 participants0 posts today
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William Lindsey :toad:

“The vast majority of us will be worse off. It’s not that complicated: Tariffs are a tax. Some of that tax will be eaten by the foreign producer… some of it will be eaten by the importer. But a big chunk of it will be paid by American consumers.”

~ James Surowiecki

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/12

zeteo.com/p/people-will-become

Zeteo · ‘People Will Become Destitute’: Trump’s Tariffs Are Already BackfiringBy Team Zeteo
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William Lindsey :toad:

"The tariffs announced this week by President Donald Trump have significantly increased the chances of a U.S. and global economic downturn, according to JPMorgan. “These policies, if sustained, would likely push the US and possibly global economy into recession this year,” wrote head of global economic research Bruce Kasman in a note late Thursday."

~ Jesse Pound

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/10

cnbc.com/2025/04/04/jpmorgan-r

CNBCJPMorgan raises recession odds for this year to 60%Tariffs from the Trump administration make a global recession more likely than not, according to JPMorgan.
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William Lindsey :toad:

"According to a report from recruiting firm Challenger, Gray & Christmas released on Thursday, 275,240 people lost their jobs last month. That is a fuckton of people. In fact, it is the third highest number of jobs lost in a single month since they first started tracking job cuts in 1989, the other two being the first two months of the COVID pandemic.

~ Robyn Pennacchia

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/9

wonkette.com/p/here-come-the-l

Wonkette · Here Come The Layoffs!By Robyn Pennacchia
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