Reported 1 day ago
Recent economic data indicates a slowdown in the US economy, with May reporting the lowest job additions in two years and a contraction in both the services and manufacturing sectors. Unemployment claims are rising, reflecting a broader uncertainty in business activity driven by tariffs and unclear policies for 2025. Economists warn that this 'paralysis' in hiring may lead to prolonged unemployment, as businesses are hesitant to expand amidst current economic uncertainty.
Source: YAHOO