‘Ugly’: Trump’s job market shrinks as oil fears mount
The combination of a weakening labor market and higher energy prices poses serious risks to Republicans in the coming months.
Oil prices are spiking, and the job market is contracting. That’s a dangerous combination for President Donald Trump as Republicans gear up for midterm elections that will be defined by concern about the economy.
The Labor Department on Friday said U.S. employers shed 92,000 jobs in February and lowered estimates for the previous two months, a downside surprise that erases the substantial gains the White House had celebrated only last month. The unemployment rate ticked up to 4.4 percent.
