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News@lemmy.world · 11 days 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

return2ozma@lemmy.world to

News@lemmy.world · 11 days ago

cross-posted to:
[email protected]

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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11 days 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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