The bumper 228,000 rise in non-farm payrolls in March offers some welcome good news amid the escalating global trade war, showing that the labour market remains healthy despite the drag from DOGE-led federal job cuts. We expect job gains to moderate rather than collapse this year—assuming, of course, that tariff revenue is recycled back into the economy, preventing a recession.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.