United States, first jobs data under Trump's presidency

Meanwhile, the unemployment rate rose to 4,1% as federal workers laid off by the Elon Musk's Department of Government Efficiency (DOGE) began to be reflected in the monthly statistics. Although it is still too early to see the impact of the measures approved by the Trump Administration, the truth is that a change in tone is observed.

The strong stock market results that had been recorded since Trump's election have been fading as the president announced new executive orders. "America First". In fact, Wall Street recorded its worst week since September 2022. What further disconcerts markets and investors is the uncertainty unleashed by the president's changes of course. The 25% tariffs on Canada and Mexico are probably the best example of this: he announced them in February, confirmed them in March, and reversed them just 48 hours later.

The US President signed an executive order last Thursday granting a one-month extension to all products that met the standards of the TMEC, the free trade agreement that exists between the countries of North AmericaThe announcement came hours after the data was made public. US trade deficit., which rose to $131.400 billion in January, up from $98.100 billion in December. This increase is interpreted as a strategy by companies to increase their inventories before the imposition of tariffs.

Source: CESCE