U.S. Job Growth Falls Short in February as Economy Faces Uncertainty:

In February, which was the first complete month for Donald Trump as President, the US added fewer jobs than economists had predicted. According to the US Government data released last Friday, employers managed to add 151,000 jobs which was lower than the anticipated 170,000. Unemployment did increase slightly to 4.1% but this is still an historically low number.

The disappointing news had little impact on the stock market as each major index was able to increase slightly in the position they were at after a sharp drop the previous day.

Hiring activity during February saw a reduction compared to January, however, this shift still achieved a greater level compared to the average increase over the previous year.

Employement increase was noted over multiple domains such as finance and healthcare along with social assistance as well.

The Federal government however did decrease employment by 10,000 in February due to cuts made by the Trump administration. This led to the anticipation that they would have wage based implications.

These fresh reports arrive at a time where US foreign trade relations are strained following newly introduced tariffs by Trump earlier this week.

On Thursday, the U.S. stock markets fell. The Dow Jones Industrial Average dropped approximately 425 points as the S&P 500 lines fell by 1.7% lower. The tech-heavy Nasdaq dropped 2.6% lower.

These tariffs nd the other economy related supporting changes were made starting from the time when Trump assumed power with certain spending cuts targeted to diversity and inclusion parts.

Cuts to federal employees have been made by The Trump administration along with several other economical changes, but it was not anticipated that these changes would be fully reflected until the February report due to the time gaps between collecting the data and the reporting.

With the absence of the president, America has been facing inflationary economic problems ever since his last few months of presidency.

Administrative spending increased since last year and reached prices of around 53. Due to supply shortage and bird flu running rampant lately, prices have skyrocketed. Other consumer prices also rose over 3% as inflation estimates are slowly trying to permute.

As highlighted last month by the non-partisan Conference Board, its most recent report indicates that in February, consumer confidence suffered its single largest decrease since August 2021.

Data showed that the number of consumers anticipating a recession within the next 12 months has increased to a nine month high. The report further outlined that an increasing number of consumers expect the job market to deteriorate, the stock market to decline, and interest rates to increase.

Consumers assessments of current business conditions increased and purchasing plans for homes also increased after a months-long stagnation indicative of improvement in consumer sentiment.

Data from Freddie Mac indicates that mortgage rates have decreased for seven consecutive weeks. Currently, the average rate on a 30-year fixed mortgage is at 6.63%, the lowest it has been since December.