In the first full month of Donald TrumpThe presidency, government data show that the United States added fewer jobs than expected, while the unemployment The rate has increased to 4.1%. According to data published on Friday, 151,000 workers were hired last month. Economists, however, hoped to see 170,000 added jobs, for News ABC.
Despite the latest data, however, Fed President Jerome Powell said that the economy is still strong.
“Despite high levels of uncertainty, the US economy is still in a good place,” Powell said, according to ABC News. “The labor market is solid.”
While the federal government cut 10,000 workers in February, the number of employment increased health care, social assistance, finances and other sectors. The data also show that stocks continue to download after Trump emitted a temporary withdrawal from some of the rates threatened to impose. While Dow Jones’s industrial average dropped to about 425 points on Thursday, S&P 500 dropped by 1.7% and Nasdaq dropped by 2.6%.
As the economy continues to fluctuate, egg prices also increase. In January, the price of eggs increased by 53%, reported ABC News. Bird flu is one of the reasons for increasing dramatic prices.
The consumer confidence caliber in February showed that a large part of the population is pessimistic about the future, saying that they are planning a recession.
According to Freddie Mac Data, there is some reason for optimism when it comes to the mortgage rate. The data show that the average rate of a 30 -year -old fixed mortgage is now 6.63%, which has been the lowest that has been seen since December 2024.
