Consumer spending and confidence are declining, causing concerns about the economy if job growth weakens significantly. Economists are analyzing business survey data to see if more companies are delaying expansion plans until there is more clarity on policies.

The US administration aims to address trade imbalances, boost investment in the US, and increase domestic production of essential goods and materials.

There is growing anxiety among households and businesses due to President Donald Trump's aggressive trade stance. Trump is expected to introduce a major tariff increase on foreign imports. Federal Reserve Chair Jerome Powell will discuss the economic outlook after the latest jobs data is released.

Recent reports show a slowdown in economic growth in the first quarter. Personal spending has been weak, disposable income growth is modest, and consumer sentiment has declined due to fears of inflation.

Economists predict a modest increase in payrolls in March, with the unemployment rate expected to remain at 4.1%. The Fed is cautious about lowering interest rates due to ongoing inflation concerns and potential price increases from tariffs.

In Canada, exports to the US may slow down in February after a surge in December and January ahead of Trump's tariffs. The Bank of Canada expects a decline in exports to signal future weaknesses. Data on hiring from March will provide further insight.

Global policymakers are monitoring Trump's tariff announcements. Central banks in Australia, Colombia, and other countries may maintain interest rates unchanged. In the eurozone, inflation data is closely watched as officials decide on potential rate cuts in April.