{"id":205481,"date":"2025-09-06T17:10:12","date_gmt":"2025-09-06T17:10:12","guid":{"rendered":"https:\/\/www.europesays.com\/us\/205481\/"},"modified":"2025-09-06T17:10:12","modified_gmt":"2025-09-06T17:10:12","slug":"trumps-job-market-promises-fall-flat-as-hiring-collapses-and-inflation-ticks-up","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/205481\/","title":{"rendered":"Trump’s job market promises fall flat as hiring collapses and inflation ticks up"},"content":{"rendered":"\n

WASHINGTON (AP) \u2014 The U.S. job market has gone from healthy to lethargic during President Donald Trump<\/a>\u2019s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs<\/a> take hold.<\/p>\n

Friday’s jobs report<\/a> showed employers added a mere 22,000 jobs in August, as the unemployment rate ticked up to 4.3%. Factories and construction firms shed workers. Revisions showed the economy lost 13,000 jobs in June, the first monthly losses since December 2020, during the COVID-19 pandemic.<\/p>\n

The new data exposed the widening gap between the booming economy<\/a> Trump promised and the more anemic reality of what he\u2019s managed to deliver so far. The White House prides itself on operating at a breakneck speed, but it\u2019s now asking the American people for patience, with Trump saying better job numbers might be a year away.<\/p>\n

\u201cWe\u2019re going to win like you\u2019ve never seen,\u201d Trump said Friday. \u201cWait until these factories start to open up that are being built all over the country, you\u2019re going to see things happen in this country that nobody expects.\u201d<\/p>\n

The plea for patience has done little to comfort Americans, as economic issues that had been a strength for Trump for a decade have evolved into a persistent weakness. Approval of Trump\u2019s economic leadership hit 56% in early 2020 during his first term, but that figure was 38% in July of this year, according to polling<\/a> by The Associated Press-NORC Center for Public Affairs Research.<\/p>\n

The situation has left Trump searching for others to blame, while Democrats say the problem begins and ends with him.<\/p>\n

Trump maintained Friday that the economy would be adding jobs if Federal Reserve Chair Jerome Powell had slashed benchmark interest rates, even though doing so to the degree that Trump wants could ignite higher inflation. Investors expect a rate cut by the Fed at its next meeting in September, although that\u2019s partially because of weakening job numbers.<\/p>\n

Senate Minority Leader Chuck Schumer<\/a>, D-N.Y., said Trump\u2019s tariffs and freewheeling policies were breaking the economy and the jobs report proved it.<\/p>\n

\u201cThis is a blaring red light warning to the entire country that Donald Trump is squeezing the life out of our economy,\u201d Schumer said.<\/p>\n

By many measures, Trump has dug himself into a hole on the economy as its performance has yet to come anywhere close to his hype.<\/p>\n

\u2014 Trump in 2024 suggested that deporting immigrants<\/a> in the country illegally would protect \u201cBlack jobs.\u201d But the Black unemployment rate has climbed to 7.5%, the highest since October 2021, as the Trump administration has engaged in aggressive crackdowns on immigration.<\/p>\n

\u2014 At his April tariffs announcement, Trump said, \u201cJobs and factories will come roaring back into our country and you see it happening already.\u201d Since April, manufacturers have cut 42,000 jobs and builders have downsized by 8,000.<\/p>\n

\u2014 Trump said in his inaugural address that the \u201cliquid gold\u201d of oil would make the nation wealthy as he pivoted the economy to fossil fuels. But the logging and mining sectors \u2014 which includes oil and natural gas \u2014 have shed 12,000 jobs since January. While gasoline prices are lower, the Energy Information Administration in August estimated that crude oil production, the source of the wealth promised by Trump, would fall next year by an average of 100,000 barrels a day.<\/p>\n

\u2014 At 2024 rallies, Trump promised to \u201cend\u201d inflation on \u201cday one\u201d and halve electricity prices within 12 months. Consumer prices have climbed from a 2.3% annual increase in April to 2.7% in July. Electricity costs are up 4.6% so far this year.<\/p>\n

The Trump White House maintains that the economy is on the cusp of breakout growth, with its new import taxes poised to raise hundreds of billions of dollars annually if they can withstand court challenges<\/a>.<\/p>\n

At a Thursday night dinner with executives and founders from companies including Apple<\/a>, Google, Microsoft<\/a>, OpenAI<\/a> and Meta, Trump said the facilities being built to develop artificial intelligence<\/a> would deliver \u201cjobs numbers like our country has never seen before\u201d at some point \u201ca year from now.\u201d<\/p>\n

But Michael Strain, director of economic policy studies at the American Enterprise Institute, noted that Trump\u2019s promise that strong job growth is ahead contradicts his unsubstantiated claims that recent jobs data was faked to embarrass him. That accusation prompted him to fire the head of the Bureau of Labor Statistics last month after the massive downward revisions in the July jobs report.<\/p>\n

Strain said it\u2019s rational for the administration to say better times are coming, but doing so seems to undermine Trump\u2019s allegations that the numbers are rigged.<\/p>\n

\u201cThe president clearly stated that the data were not trustworthy and that the weakness in the data was the product of anti-Trump manipulation,\u201d Strain said. \u201cAnd if that\u2019s true, what are we being patient about?\u201d<\/p>\n

The White House maintained that Friday’s jobs report was an outlier in an otherwise good economy.<\/p>\n

Kevin Hassett, director of the White House National Economic Council, said the Atlanta Federal Reserve is expecting annualized growth of 3% this quarter, which he said would be more consistent with monthly job gains of 100,000.<\/p>\n

Hassett said inflation is low, income growth is \u201csolid\u201d and new investments in assets such as buildings and equipment will ultimately boost hiring.<\/p>\n

But Daniel Hornung, who was deputy director of the National Economic Council in the Biden White House, said he didn\u2019t see evidence of a coming rebound in the August jobs data.<\/p>\n

\u201cPretty broad based weakening,\u201d Hornung said. \u201cThe decline over three months in goods producing sectors like construction and manufacturing is particularly notable. There were already headwinds there and tariffs are likely exacerbating challenges.\u201d<\/p>\n

Stephen Moore,<\/a> an economics fellow at the conservative Heritage Foundation and supporter of the president, said the labor market is \u201cdefinitely softening,\u201d even as he echoed Trump\u2019s claims that the jobs numbers are not reliable.<\/p>\n

He said the economy was adjusting to the Trumpian shift of higher tariffs and immigration reductions that could lower the pool of available workers.<\/p>\n

\u201cThe problem going forward is a shortage or workers, not a shortage of jobs,\u201d Moore said. \u201cIn some ways, that\u2019s a good problem to have.\u201d<\/p>\n

But political consultant and pollster Frank Luntz took the contrarian view that the jobs report won\u2019t ultimately matter for the political fortunes of Trump and his movement because voters care more about inflation and affordability.<\/p>\n

\u201cThat\u2019s what the public is watching, that\u2019s what the public cares about,\u201d Luntz said. \u201cEveryone who wants a job has a job, for the most part.\u201d<\/p>\n

From the perspective of elections, Trump still has roughly a year to demonstrate progress on improving affordability, Luntz said. Voters will generally lock in their opinions about the economy by Labor Day before the midterm elections next year.<\/p>\n

In other words, Trump still has time.<\/p>\n

\u201cIt\u2019s still up for grabs,\u201d he said. \u201cThe deciding point will come Labor Day of 2026.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"WASHINGTON (AP) \u2014 The U.S. job market has gone from healthy to lethargic during President Donald Trump\u2019s first…\n","protected":false},"author":3,"featured_media":205482,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,69,79,266,113157,113158,50846,97043,67,132,68,5223],"class_list":{"0":"post-205481","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-donald-trump","10":"tag-economy","11":"tag-inflation","12":"tag-job-numbers","13":"tag-jobs-numbers","14":"tag-jobs-report","15":"tag-michael-strain","16":"tag-united-states","17":"tag-unitedstates","18":"tag-us","19":"tag-white-house"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115158464739609269","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/205481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=205481"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/205481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/205482"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=205481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=205481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=205481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}