The May employment report released by the federal government last week is relatively promising for the United States’ labor market. But underlying trends and declarations by President Donald Trump’s administration have experts saying there are still reasons to expect an economic slowdown — including economists at the UNC Kenan-Flagler Business School.
At the Frank Hawkins Kenan Institute of Private Enterprise’s latest economic briefing – which is held the first Friday of each month – research economist Sarah Dickerson said the U.S. saw a boost to job growth in April, with the unemployment rate remaining fairly low and wage increases staying in front of inflation.
“This was a very healthy jobs report and very encouraging in many ways,” she said. “But when we do this deeper dive into expectations, sentiment and all these other aspects of the economy, it does make you wonder if this is kind of the calm before the storm and if we could see more weakness in the year ahead in [the country’...
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