🥛 What does the war mean for the U.S. economy? 🇺🇸

Q: Iran war enters fifth week with Strait of Hormuz closure causing global energy price shock

Iran war enters fifth week with Strait of Hormuz closure causing global energy price shock

Q: US labor market shows resilience with 178,000 jobs added in March, nearly tripling consensus estimat

US labor market shows resilience with 178,000 jobs added in March, nearly tripling consensus estimates despite wartime conditions

Q: Initial Jobless Claims hover near multi-year lows while NFIB hiring intentions edge lower, suggestin

Initial Jobless Claims hover near multi-year lows while NFIB hiring intentions edge lower, suggesting mixed future employment outlook

Milk Road Macro·Tuesday, April 7, 2026·8 min read

Finance Politics

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AI Summary

The newsletter analyzes the economic impact of the Iran war on the US economy, focusing on wartime labor market data for March 2026. Despite energy price shocks from the ongoing conflict, the US added 178,000 jobs in March, significantly beating expectations.

Key Facts

✓Iran war enters fifth week with Strait of Hormuz closure causing global energy price shock

✓US labor market shows resilience with 178,000 jobs added in March, nearly tripling consensus estimates despite wartime conditions

✓Initial Jobless Claims hover near multi-year lows while NFIB hiring intentions edge lower, suggesting mixed future employment outlook

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