Welcome to The Logoff. Today I’m focusing on Donald Trump’s effect on the economy, because we’re seeing some early indications of how the president’s policies are affecting the rest of us — and because the markets may influence his behavior going forward.

What’s the latest? We got two early signs of how Trump’s economy is doing today. The government reported that the US added a net 151,000 jobs in February — slightly less than the average growth for the past 12 months (168,000). And the financial markets closed their worst week since early September.

Is this mediocre economy Trump’s fault? During the period of inflation under Joe Biden, his defenders were quick to point out that the economy is........

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