America's economic recovery has taken an unexpected hit after a report revealed 92,000 jobs were lost last month, pushing unemployment higher and intensifying fears over inflation and oil prices under Trump.
The decline alarmed economists and policymakers, who had predicted modest job growth. Instead, American employers cut tens of thousands of positions, pushing the unemployment rate to 4.4 per cent. Businesses are already contending with rising fuel costs linked to the war in Iran, global uncertainty, and the lingering effects of Trump's economic policies. With only about 50,000 new jobs expected next month, many fear the US economy is entering a prolonged period of weak hiring and persistent inflation.
