The unemployment rate in the United States rose to 4.1 %, with 203,000 more unemployed, and the country has only created 151,000 jobs in February. It is worse than the 170,000 expected but better than the 125,000 of January. The Trump effect begins to be felt, the federal state having suppressed 10,000 jobs under the leadership of Elon Musk (in the American states and at the local level public jobs, on the other hand, increased by 21,000).
In reality, the effect of federal job cuts will only play in the coming months. The secretary of the Treasury, Scott Bessent, has prepared the spirits, accusing Joe Biden’s growth of being doped for employment and public deficits. “Could we see this economy that we inherited start to deteriorate a little?” Of course. And look, there will be a natural adjustment as we move away from public spending to go to private expenses ”said Mr. Bessent on CNBC. “The market and the economy have become addicted. We have become addicted to these public expenses, and there will be a period of detoxification ”he added.
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