AhlulBayt News Agency (ABNA): While U.S. administration officials are attempting to present the March employment report as a sign of "economic recovery," a number of prominent Washington economists have rejected this assessment. Heidi Shierholz, President of the Economic Policy Institute, stated that "today's jobs report is not good" and warned that many real labor market indicators are weakening.
According to Shierholz and Elise Gould, a senior economist at the same institute, the average employment growth over the past two months has been only about 22,000 jobs per month, which indicates a serious slowdown in the labor market, and much of this increase merely compensates for the sharp decline in employment in February.
Meanwhile, some economic experts consider the consequences of the U.S. war against Iran to be one of the main factors pressuring the country's economy. Dean Baker from the Center for Economic and Policy Research has stated that the full effects of the war and rising fuel prices are not yet visible in current statistics, and reports in the coming months may show an even worse situation.
According to a report by the U.S. Congress Joint Economic Committee, American citizens paid an additional $8.4 billion for fuel in the first month of this war alone.
Additionally, Breyon Williams, senior economist at the Groundwork Collaborative, and Angela Hanks from The Century Foundation have emphasized that the Trump administration's economic mismanagement and focus on costly wars have placed a heavy burden on Americans' livelihoods. This report uses strong terms and expressions such as "economic mismanagement," "labor market deterioration," "hiring has ground to a halt," and "severe pressure on working families" to describe the current state of the U.S. economy.
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