The U.S. economy is nearing a recession as consumer spending has stalled, construction and manufacturing are contracting, and employment figures are declining. Inflation is rising, complicating Federal Reserve interventions. Recent changes to the June jobs report showed a significant reduction in job additions. The shrinking foreign-born workforce and stagnant labor force participation further exacerbate economic challenges. Increasing tariffs and a stringent immigration policy are indicated as primary factors behind these economic struggles.
Consumer spending has flatlined, construction and manufacturing are contracting, and employment is set to fall. With inflation on the rise, it is tough for the Fed to come to the rescue.
Unemployment remains low, but that's only because labor force growth has gone sideways. The foreign-born workforce is shrinking, and labor force participation is declining.
It's no mystery why the economy is struggling; blame increasing U.S. tariffs and highly restrictive immigration policy.
Days earlier, the Trump administration released massive revisions to its June jobs report, revealing that nearly 150,000 jobs were actually around 14,000.
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