2 Question Tuesday – 06/10/2025 – What’s Up with ADP Saying Hiring Decelerated and the Government Reporting the Number of Jobs Rose? How Will Trump Doubling Tariffs on Steel and Aluminum to 50% Affect the Economy?
Welcome to 2 Question Tuesday. This week’s questions were:
- What’s up with ADP saying hiring decelerated and the government reporting the number of jobs rose?
- How will President Trump’s doubling tariffs on steel and aluminum to 50% affect the economy?
Phil, Mike, and Larry explain how an ADP Research report that said hiring decelerated to the slowest pace in two years — pointing to a weakened demand for workers — can exist with the Bureau of Labor Statistics reporting that non-farm payrolls rose for May, beating the estimate. They then talk about President Trump doubling the tariffs on steel and aluminum to 50% and how will this affect the economy.
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