Job report shakes the economy of America and puts Trump in an electoral predicament

The American economy is exposed to new vibrations with the release of the recent job report, which has shown a sharp slowdown in the labor market, which increased doubts about President Donald Trump’s ability to fulfill his economic promises.

According to the data issued by the work statistics office, the American economy only succeeded in adding 22 thousand jobs in August, which is a disappointing number, accompanied by the high unemployment rate to 4.3%, which is the highest level in nearly four years. The report revealed a decline in basic sectors such as manufacturing, construction and energy, while growth was limited to limited areas related to government such as health care and social services. Economic experts saw that these numbers undermine these numbers. The narration that Trump is marketing about a “prosperous economy”, as his strict customs policies and his campaign against immigration created a state of uncertainty that negatively affected investment and employment. The British newspaper “Financial Times” considered that Trump’s economic promises are “undermining”, while “The New York Times” reported that the President questioned the credibility of the numbers and considered it “forged” before That the official in charge of its issuance will be removed, for his part, financial market expert Michel Salibi explained that the report represents a “strong blow to Trump’s attempts to push the wheel of growth”, expecting that the Federal Reserve will turn to reduce interest rates in his upcoming meeting on September 17 to support the weak labor market. In turn, the expert Mohamed Saeed stressed that the American economy faces what he called “convincing stagnation”, with increasing rates Unemployment and acceleration of inflation at the same time, which puts the Trump administration under great political and economic pressure.