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The Job Market Got Better In January, Before Tariff Turmoil | Global News Avenue

The Job Market Got Better In January, Before Tariff Turmoil

Key Points

  • Donald Trump inherited a healthy labor market from his predecessor, a job market report in January showed.
  • Vacancies and recruitment were received in January, while layoffs dropped, more workers resigned and more confident they could find higher salaries elsewhere.
  • Since then, Trump’s tariff policies, massive layoffs by federal workers and deportations of immigrants have raised concerns about unemployment in the coming months.

In January, a key measure of job market health improved in a final snapshot of President Donald Trump’s trade war that rocked the economy.

The Bureau of Labor Statistics said Tuesday that the number of job openings increased to 7.7 million after the revision from a drop in December 7.5 million.

Meanwhile, layoffs fell from 1.7 million to a close historical low to 1.6 million. Another 5.4 million people were hired, a slight increase from December, but after the numbers were rounded. To show that workers feel better about the prospect of converting jobs to high pay, 3.3 million people quit their jobs, the most since July.

The report adds data released earlier this month to show that the U.S. labor market remains resilient. Create jobs in Januaryalthough at a relatively slow pace. Since then, Trump has been, again, Tariff threat have Uncertainty,,,,, Breaks confidence Among business leaders and consumers, Sent stocksand Propose fear of possible Economic downturn and unemployment. Other Trump policies, including Large-scale shooting of federal workers and Suppress Immigrationmay also affect the job market.

“The report tells us that the labor market is healthy until the policy shift that begins with the new government,” Brean Captial economists John Ryding and Conrad Dequadros wrote in a comment. “Unfortunately, the report tells us nothing about how the company will respond to the rising tariff threats and uncertainty, which can take months to unfold.”

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