Perfect plot for a recession? Critics say Donald Trump may not be able to solve the employment crisis in the US, but is there a window of opportunity? Here's what you should know
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Hiring rates slowing down, is US going to see a recession soon?
Hiring rates have slowed significantly over the last couple of years, and even though the stock market is booming and revenue is pouring in for companies, that is not doing much good for their employees. Layoffs are another big issue that has been affecting the job market in recent times, especially in metro cities, according to available data.
All of these factors a making up the perfect plot for an incoming US recession, something that no new President would want to be welcomed with.
Will Trump be able to beat low employment rates?
Once Trump comes to power, he may have to deal with the massive employment crisis that is brewing up, but many are pinning high hopes on the incoming President, looking at the fact that his last term saw employment rates dip significantly.
When Trump took office during his first term, the unemployment rate stood at 4.6 per cent, but in February 2020, the last month before the pandemic lockdowns, that figure stood at 3.5 per cent. This clearly indicates Trump's success in the employment rate aspect in the US, which is a major bolster for him to start off his next term with.
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