But their domination continued into Trump's term, when they rose to 88% of job growth. As I reported last month, the Supreme Court ended the prospect of $2,000 tariff dividend checks when it declared most of Trump's tariffs to be unconstitutional. A spike in oil prices, in any event, tends to affect some economic sectors more than others. If the Iran hostilities come to a prompt end, that would be a positive for the oil-dependent economy and stock prices. But as long as the economy remains in the hands of Donald Trump, the most accurate reply may be, "Ask again later."

Source: Los Angeles Times March 10, 2026 18:19 UTC