A snapshot of the US economy shows rising confidence across a broad sector of industries.
Consumers are spending. Businesses are investing. We’re getting some support from government. The global economy outside of issues in Europe appears to be doing well. And so we’re seeing job gains across industries and that means we’ll see good job number. More importantly, we’ll see stronger weight growth.
That means consumers have more money to spend for the goods and services that companies sell.
US President Donald Trump was quick to take credit.
We have reached yet one more historic milestone, with 3.8 percent unemployment just announced and another all-time record low African-American unemployment, Hispanic unemployment at an all-time low in history. We’re very honored by that.
But it may be too soon to celebrate.
Economists say recent moves by the Trump administration to raise tariffs on steel and aluminum imports could hurt economic growth and jobs.
This is injecting a whole new round with uncertainty in the business environment. Frankly, the business community didn’t bargain for and doesn’t want to see.
Higher tariffs make supplies and prices for commodities less certain which Hamrick says can wreak havoc on business plans.
But Faucher says until the tariffs become law, the threat of a trade war is just posturing.
Obviously some industries in the United States will benefit from tariff. So if you see tariffs on imported steel and aluminum steel producers are made higher a bit more. But there are other industries that are going to be hurt, industries that use these imported goods. So I think that on the whole it’s probably likely to be a small negative for employment in the US.
But there are other worries on the horizon. The US economy has been growing for nine years.
Now, one of the longest expansions in US history and economists say what goes up must come down.
We just completed survey and private economist of bank rate indicated that the vast majority believe that a recession will be seen in the next three years.
While there are few signs of an imminent recession, some economists say rising inflation, higher interest rates and the potential for a global trade war could trigger the next downturn, erasing much of the confidence consumers and businesses are enjoying today.
Mil Arcega for VOA news Washington.
1. Frankly, the business community didn’t bargain for and doesn’t want to see.
bargain for 预料
The effects of this policy were more than the government had bargained for.
2. Higher tariffs make supplies and prices for commodities less certain which Hamrick says can wreak havoc on business plans.
wreak havoc on 破坏
Decades of stress can wreak havoc on your health.
内需增强，投资力度和政府支持力度都在加大 。抛开欧洲的问题不谈，全球经济总体势头良好 。因此，我们看到许多行业工作岗位增加，也就是说，好的就业岗位在不断增加 。更为重要的是，我们将见证更加的经济增长 。
我们达到了另一个更具历史意义的里程碑，这可以体现在我们刚刚宣布的3.8%的失业率，同时，非洲裔美国人和西班牙裔美国人的失业率达到史上新低 。我们感到荣幸万分 。
这给经营环境造成了新的不确定性 。坦白说，企业界从未预料也不想看到这样的景象 。
显然，美国的一些行业还是能从关税措施中受益的，毕竟对进口钢铁和铝制品施加的关税提高了 。但还是有一些行业会因此而受损——以进口物资为生的行业 。所以我认为，总体来看，对美国就业还是稍有不利的 。
不过人们还有其他的担心 。美国经济已经持续增长9年了 。
感谢收听米尔 阿塞(Mil Arcega)为您从华盛顿发回的报道 。