02-05-2025
- Business
- Wall Street Journal
Businesses Are Talking a Lot About Tariffs. But Will That Show Up in Jobs Data?
Capital Account columnist Greg Ip says the jobs report will be the first "hard" economic data since President Trump's Liberation Day tariffs. Still, he suspects it won't tell us much about the effects of Trump's tariffs, federal cutbacks and immigration crackdown.
"Businesses are certainly talking a lot about tariffs, but aren't doing much yet in terms of raising prices or altering production plans. Federal layoffs and deportations are also probably too small to have much macro impact," Ip says. Go deeper:
