Trump had the worst jobs numbers since Hoover and his incompetence and idiotic and chaotic tariff policy is derailing economic and job growth. Revisions to awful June report showed job losses for the first time in 5 years:
Fresh jobs data on Friday showed a continued hiring slowdown in the first such release since a dismal jobs report last month prompted President Donald Trump to fire the top official tasked with compiling labor statistics. The reading fell well short of economists' expectations.The U.S. added 22,000 jobs in August, according to data from the U.S. Bureau of Labor Statistics. That figure showed a sharp decrease from 79,000 jobs added in the previous month. The unemployment rate ticked up to 4.3%, but it remained at a historically low level.
A previous jobs report showed a sharp slowdown of hiring over the summer, eliciting concern among some economists about a possible recession.
The U.S. added an average of about 28,000 jobs over three months ending in July, which marked a major cooldown from the roughly 196,000 jobs added on average over the previous three-month period, U.S. Bureau of Labor Statistics (BLS) data showed.
The jobs report on Friday included a downward revision for the month of June, saying the U.S. labor market had lost 13,000 jobs that month, much lower than a previous estimate of 14,000 jobs added. It marked the first monthly job loss since December 2020.
Trump is "unwinding" the job growth and economic growth of the Biden administration and pushing us toward recession.