The imminent trade war stemming from President Trump's tariff implications raises significant concerns over the US job market, particularly in creative industries. Workers like Michelle Budnick fear that the uncertainty could lead to fewer hiring opportunities, while economists suggest a "frozen market" could develop, hindering employment growth across multiple sectors. Despite some areas, like healthcare, remaining stable, sectors such as retail and manufacturing might suffer. The looming tariffs are perceived as more than a negotiation tactic, and their effects could stifle labor market dynamism.
"It's like pouring tar on top of syrup. We're just going to drown under this," said Budnick, referring to workers like herself in creative fields.
"It's kind of a frozen market," Andrew Flowers, chief economist at Appcast, told BI. "There's going to be even less hiring and maybe an increase in firing."
"We're starting to see maybe more feelings that, 'Hey, this wasn't a negotiation tactic, and that these tariffs are likely here to stay,'" Cory Stahle, an economist at the Indeed Hiring Lab, told BI.
Flowers said that some of the sluggishness that has afflicted white-collar hiring for years could overtake other parts of the job market.
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