U.S. Unemployment Hits Four-Year High, Challenging Economic Narrative

The US jobless rate has increased, highlighting a sluggish labor market and posing challenges for Trump's economic messaging. While private sector job growth under Trump contrasts with Biden's administration, key sectors like manufacturing and mining have contracted, and overall employment prospects remain tepid. The Fed's decision to cut interest rates may be influenced by this slowdown, which could be further impacted by demographic shifts, immigration policies, tariffs, and technological changes like AI.