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    Home»Latest News»Karoline Leavitt Says Economy Is ‘Starting To Roar’
    Latest News

    Karoline Leavitt Says Economy Is ‘Starting To Roar’

    preztrumpBy preztrumpApril 7, 2025No Comments4 Mins Read
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    White Home press secretary Karoline Leavitt claimed that the U.S. economic system was starting to ramp up amid a nationwide panic following President Donald Trump’s so-called “liberation day” tariff announcement.

    “GREAT NEWS! The economic system is beginning to roar with a powerful 228,000 jobs added within the month of March — effectively forward of the market’s expectation,” Leavitt wrote on X, previously Twitter, citing information from the U.S. Bureau of Labor Statistics launched Friday.

    GREAT NEWS! The economic system is beginning to roar with a powerful 228,000 jobs added within the month of March — effectively forward of the market’s expectation. There was additionally a pointy enhance in transportation, building, and warehousing employment. The President’s push to onshore jobs right here in…

    — Karoline Leavitt (@PressSec) April 4, 2025

    Regardless of the anxieties surrounding the Trump administration’s deep cuts to the federal work pressure, roughly 228,000 nonfarm jobs have been added in March, in line with the survey. Unemployment rose barely, from 4.1% to 4.2%, and the bureau famous that authorities employment declined.

    White Home press secretary Karoline Leavitt’s optimistic message on the economic system got here as many panicked concerning the ramifications of Trump’s tariffs.

    AP Picture/Jacquelyn Martin

    Leavitt attributed constructive information within the labor market to Trump’s “push to onshore jobs,” however many manufacturing corporations within the U.S. have laid off employees on account of Trump’s financial insurance policies, together with steelmaker Cleveland-Cliffs and automaker Stellantis, which owns Jeep, Citroen and Ram.

    She additionally talked about “a pointy enhance” in building, however the BLS mentioned there was “little change” in that trade.

    The elevated jobs have been predominantly in well being care, social help and transportation, in line with the survey. Warehousing employment additionally contributed to the rise within the labor market, which Leavitt famous, although BLS didn’t cite the rationale.

    The March BLS report was launched two days after Trump introduced a blanket 10% tariff on all nations, set to take impact April 5. Greater tariffs on quite a lot of Asian nations, in addition to these within the European Union, are slated to take impact April 9.

    Leavitt’s optimistic message got here because the inventory market experienced a free fall, worsened by China retaliating towards the U.S. with its personal 34% tariff on all U.S. merchandise starting April 10.

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    Trump criticized China’s retaliation on his Truth Social web site, stating “CHINA PLAYED IT WRONG, THEY PANICKED – THE ONE THING THEY CANNOT AFFORD TO DO!”

    In the meantime, many economists and government officials fear concerning the tariffs’ long-term impacts and concern additional repercussions towards the American folks. J.P. Morgan economists imagine Trump’s insurance policies might push the U.S. right into a recession, placing the odds of a recession occurring at 60%.

    “We face a extremely unsure outlook with elevated dangers of each greater unemployment and better inflation,” Federal Reserve Chairman Jerome Powell mentioned Friday, per CNN. “Whereas tariffs are extremely prone to generate at the very least a short lived rise in inflation, it’s also doable that the consequences may very well be extra persistent.”





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