Harriet Torrey
Appearances
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
Yeah, it was a big surprise. Largely what happened was that we saw more jobs being created in sectors like agriculture, Healthcare, transportation, leisure and hospitality. So those really bounce back. The government layoffs, of course, were an issue for this month. But what we saw was that the layoffs were actually pretty modest. It was just 4,000 jobs.
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
But one thing that is worth bearing in mind is that people who were receiving severance weren't necessarily counted as laid off. So there could perhaps be more people who are not working than expected.
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
The economists who I've spoken to today have largely said that they see this as backward-looking data, which it is. This is the month of March. A lot has changed since then. And there is an expectation that this is maybe the last hurrah and that we will see weakness starting to... show through in the months ahead for a number of reasons.
WSJ What’s News
Most Voters Oppose Trump’s Tariffs, But His Supporters Are Still Behind Him
We have less immigration, so that's potentially a smaller labor force. There's federal layoffs and businesses, they're dealing with a lot of uncertainty. And a lot of economists expect that they will be certainly more cautious about hiring in the months ahead.