Does the Trump administration have what it takes to keep job growth on track?
We’ve been here before—in fact, in terms of the jobs numbers, we’ve been here for most of the last couple years. The U.S. economy continues to add jobs at a brisk pace (235,000 last month) and the unemployment rate remains low and stable at 4.7%.
But the new administration and the Federal Reserve are quickly coming into positions of conflict, and the lack of professional economists in the White House may be setting up workers for fewer jobs and slower wage growth over a Trump presidency.
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