Trump’s war in Iran is costing the U.S. economy 10,000 jobs a month, Goldman Sachs says

Goldman Sachs reports that tensions with Iran are causing significant economic damage to the U.S., stripping 10,000 jobs monthly from payrolls through year-end due to oil price shocks. The leisure, hospitality, and retail sectors are experiencing the worst impacts from this geopolitical crisis.

• →Goldman Sachs estimates Iran-related tensions are costing the U.S. economy 10,000 jobs per month.
• →The job losses are expected to continue through the end of the year.
• →Oil price shocks driven by Iran tensions are the primary cause of economic disruption.
• →Leisure, hospitality, and retail sectors are experiencing the most severe impacts.
• →The economic consequences highlight how geopolitical tensions translate into domestic job market weakness.