Trump may have fired the BLS head, but the bad news is still the bad news.
There is certainly the "vibes out there" of a poor labor market, especially for young college graduates. I've written ad nauseum about the demand constraints that Trump is imposing on the economy. If you A) put tariffs on lots of goods B) reduce the labor force via deportations C) introduce massive uncertainty in the economy D) hammer tourism as a sector by being an absolute prick to the rest of the world E) prioritize the rich over the working classes with your fiscal policy F) fire large numbers of public sector workers..
...then you should probably not be surprised by slackening overall demand leading to less hiring.
Krugman noted something called Dornbusch's Law: The crisis takes longer to happen than you can possibly imagine, then happens quicker than you can possibly imagine."
Just saying.
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