U.S. businesses are taking down job listings as Trump's trade war grows

[dalton99a]

https://www.washingtonpost.com/business/2019/08/13/us-businesses-are-taking-down-job-listings-trumps-trade-war-grows/

U.S. businesses are taking down job listings as Trump's trade war grows
By Heather Long
August 13 at 6:00 AM

Win Cramer had big plans to hire several new employees this summer for his company, including a chief operating officer, but he took the job listings down after President Trump tweeted that more tariffs would hit Chinese goods in September.

Trump’s escalating trade war has spooked business executives. There’s already been a noticeable decline in business investment as corporate leaders say Trump’s tariffs and unpredictability are creating too much uncertainty, dissuading them from spending large sums on new buildings or equipment. Now there are early signs that business leaders are beginning to pull back on hiring, too.

“It’s the most frustrating time I’ve ever had running a business, and I’ve been doing this for 20 years,” said Cramer, chief executive of JLab Audio, which makes wireless ear buds and headphones that are sold at Best Buy, Target and elsewhere.

The United States had 7.3 million job openings in June, down from a peak of 7.6 million in November, according to the latest Labor Department data. While the decline is modest, economists are concerned hiring could dry up quickly as companies see no end in sight to Trump’s trade war and they look to cut costs. The reduction in job openings is also widespread across many industries, signaling how cautious companies are becoming.

“The probability of a recession in the next year has jumped,” said Sung Won Sohn, an economics professor at Loyola Marymount University and president of SS Economics. “This is a time to be cautious. Businesses are being careful about spending and hiring.”

[ProudMNDemocrat]

1. The DOW Jones Industrials has rebounded from yesterday's drop.

We have to see how the rest of the week goes. Trump is up to something and NO GOOD ever comes out of it.

[democratisphere]

2. drumpf is destroying America for his master Putin.

[TreasonousBastard]

3. Just remember that this is all organized by the first person in history to...

go bankrupt owning a casino.

And then he had the scruffy balls to say he was a winner because he "anticipated the trend".