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News@lemmy.world · 1 year ago

Trump tariffs 'will increase the unemployment rate to recessionary levels,' says economist

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Trump tariffs 'will increase the unemployment rate to recessionary levels,' says economist

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News@lemmy.world · 1 year ago

As a result of the Trump administration's new tariffs, U.S. job losses “could be in the millions,” says Harry Holzer, senior fellow at Brookings.

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Rhaedas@fedia.io
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1 year ago
Nah, it won’t be that bad. Underemployment numbers are going to skyrocket though. You want 10 hours this week? Hah. But at least you’re getting that higher rate, right?

Oh, you’re not getting that rate yet? Ouch.

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