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This would translate into businesses being able to afford to hire more domestic employees.
Anytime you provide tax incentives, youre going to encourage investing, Cardone told GOBankingRates.
This is the love language of a businessperson: lower taxes and higher incentives for me to take risks.
She agrees with Cardone that tax cuts could have a positive effect on the job market.
Lower taxes and deregulation might encourage businesses to invest and expand, potentially creating jobs, she said.
Industries likemanufacturing, energy and financemight benefit, potentially leading to job growth in these areas.
The effect of Trumps proposed trade policies is not as straightforward.
We do not expect the results of the presidential election to materially affect the job market.
Saidel-Baker predicts that job growth will continue to slow no matter what happens in November.
In July, U.S. private sector employment stood at a record-high 136.3 million workers.
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