Scott Simon

As we know, consumer spending is the lifeblood of this economy. So When families start to cut back like that, it can really put the brakes on economic growth.

So far, the job market's been very resilient. Unemployment in March was just 4.2%. We're going to get the April jobs numbers tomorrow. Forecasters expect to see some slowdown in hiring. In general, workers say they're feeling a little less confident about job security. Seth Lillevivat is in that camp.

So far, the job market's been very resilient. Unemployment in March was just 4.2%. We're going to get the April jobs numbers tomorrow. Forecasters expect to see some slowdown in hiring. In general, workers say they're feeling a little less confident about job security. Seth Lillevivat is in that camp.

So far, the job market's been very resilient. Unemployment in March was just 4.2%. We're going to get the April jobs numbers tomorrow. Forecasters expect to see some slowdown in hiring. In general, workers say they're feeling a little less confident about job security. Seth Lillevivat is in that camp.

He's still working for a biotech company in San Diego, but his employer has already had two rounds of job cuts this year.

He's still working for a biotech company in San Diego, but his employer has already had two rounds of job cuts this year.

He's still working for a biotech company in San Diego, but his employer has already had two rounds of job cuts this year.

Lillevivat's also a little worried about the drop in his retirement savings. The S&P 500 index is down about 7% since inauguration day. So Lillevivat's being more conservative about his own spending. That means no more stopping for coffee and pastries after swim practice every week. And he has put off a little home improvement project that he had been planning for this year.

Lillevivat's also a little worried about the drop in his retirement savings. The S&P 500 index is down about 7% since inauguration day. So Lillevivat's being more conservative about his own spending. That means no more stopping for coffee and pastries after swim practice every week. And he has put off a little home improvement project that he had been planning for this year.

Lillevivat's also a little worried about the drop in his retirement savings. The S&P 500 index is down about 7% since inauguration day. So Lillevivat's being more conservative about his own spending. That means no more stopping for coffee and pastries after swim practice every week. And he has put off a little home improvement project that he had been planning for this year.

Right now, that boat is getting tossed around a little bit by the economic headwind. So it's no wonder, Michelle, some people are feeling a little seasick.

Right now, that boat is getting tossed around a little bit by the economic headwind. So it's no wonder, Michelle, some people are feeling a little seasick.

Right now, that boat is getting tossed around a little bit by the economic headwind. So it's no wonder, Michelle, some people are feeling a little seasick.

Not necessarily, although the risk of a recession has certainly increased since the president launched his trade war. We've already seen a substantial slowdown in cargo traffic, especially from China, where those crippling tariffs are in effect. Gene Sirocco, who runs the ordinarily busy port of Los Angeles, says, That's going to hit the paychecks of a lot of transportation and warehouse workers.

Not necessarily, although the risk of a recession has certainly increased since the president launched his trade war. We've already seen a substantial slowdown in cargo traffic, especially from China, where those crippling tariffs are in effect. Gene Sirocco, who runs the ordinarily busy port of Los Angeles, says, That's going to hit the paychecks of a lot of transportation and warehouse workers.

Not necessarily, although the risk of a recession has certainly increased since the president launched his trade war. We've already seen a substantial slowdown in cargo traffic, especially from China, where those crippling tariffs are in effect. Gene Sirocco, who runs the ordinarily busy port of Los Angeles, says, That's going to hit the paychecks of a lot of transportation and warehouse workers.

Greg Daco says whether we actually fall into recession could depend on whether Trump's tariffs remain in place or get watered down. Even if the tariffs are rolled back, Daco warns, we'll likely be looking at fairly sluggish growth for the rest of this year.

Greg Daco says whether we actually fall into recession could depend on whether Trump's tariffs remain in place or get watered down. Even if the tariffs are rolled back, Daco warns, we'll likely be looking at fairly sluggish growth for the rest of this year.

Greg Daco says whether we actually fall into recession could depend on whether Trump's tariffs remain in place or get watered down. Even if the tariffs are rolled back, Daco warns, we'll likely be looking at fairly sluggish growth for the rest of this year.

You're welcome.