U.S. Labour Market Stable in Mid-May; Slowdown Is Looming Due to Tariffs

A slowdown in tariff-fueled spending may be the next stumbling block for the US economy

Spencer Platt/Getty ImagesTariff jitters caused US consumers to unleash a burst of spending, but that's winding down. Consumer spending has been flat in May, Bank of America credit card data shows.Forecasters say slower spending is another factor boosting the odds of a recession in 2025. Fears of higher prices caused by President Donald Trump's tariffs unleashed a burst of spending earlier in the year, but that's winding down—and the forecaster …

U.S. labour market stable in mid-May; slowdown is looming due to tariffs

The weekly jobless claims report from the Labor Department on Thursday showed unemployment rolls approaching levels last seen in late 2021

Direct - The number of Americans applying for new applications has declined...

MADRID, 22 (EUROPA PRESS) U.S. unemployment benefit requests reached a total of 227,000 applications last week, representing a decrease of 2,000 people from the previous figure, as revealed by data published on Thursday by the Department of Labor. The recipients of this benefit added up to [...] La entrada Weekly unemployment benefit requests in the U.S. fall to 227,000 applications aparece primero en Forbes España.