UK businesses are experiencing a significant decline in confidence regarding hiring, primarily due to rising labor costs and economic uncertainty, marking the lowest employment outlook in years.
Leavitt claimed that the tariffs would produce more favorable trade deals and a boost in American manufacturing, assuring that there would be no 'pain' for workers.
The recent strength of the Mexican peso against the dollar reflects domestic wage growth and external economic factors, but caution is necessary due to ongoing vulnerabilities.
As of summer 2024, while the UK jobs market sees slight increases in employment, real earnings growth remains subdued against rising living costs, indicating persistent economic challenges.