Oil prices, and U.S. jobs created (nationally) -
2025 - 125,000 Total - Revised downwards from 181,000.
2026 - 34,000 Total - Non-Revised.
Higher Energy prices will remain for months (or longer) even if the U.S. Iran War ends (in the future) due to numerous factors including (the already damaged Energy infrastructure in the Mideast) with Iran remaining in control of the Strait of Hormuz.
- The U.S. will see Oil prices (the highest) during the Summer peak season, Asia; and Europe; will see it first-now.
LNG not so much in the U.S. but that also applies as well.
- The U.S. economy, and (Wall Street) are (currently) underestimating the effects of higher Oil; and LNG prices to a lessor extent, on consumer spending; and jobs.
It will (not if) affect numerous product pricing, and supply chains; in virtually every industry.