Labour market shows resilience as vacancies hit 7.4 million
Imports surge ahead of Trump tariffs, dragging GDP into first decline in three years
The organization warns spending and investment are on hold globally, while U.S. risks recession
Producer price index drops for the first time since October 2023
Latest round of U.S. tariffs went into full effect at midnight Wednesday
Hiring slows from January, but job market remains healthy
The producer price index was unchanged from January, after rising 0.6% the month before
The outlook for the labour market is murky as Trump wages a trade war with foreign countries
But the unemployment rate ticked up slightly to 4.1% as the number of jobless Americans rose
The U.S. economy grew 2.8% in 2024, compared with 2.9% in 2023