#wage stagnation

#wage stagnation

In the wake of the Great Recession, which lasted from December 2007 to June 2009, home prices fell precipitously, bottoming out in February 2011 at 25% lower than the pre-recession high reported in July 2006, according to the Case-Shiller index. Plunging home values left millions of Americans hesitant to invest in a home and led to a sharp decline in the number of skilled laborers in the homebuilding sector.

US President Donald Trump's tariff policies, imposing levies as high as 50% on the United States' trading partners, have not proven compatible with his campaign promise to turn the US back into a "manufacturing powerhouse," as Friday's jobs report showed. The overall analysis was grim, with the economy adding just 22,000 jobs last month, but manufacturing employment in particular has declined since Trump made his April 2 "Liberation Day" announcement of tariffs on countries including Canada and Mexico.