US EditionTrump's job market promises fall flat as hiring collapses and inflation ticks up
Job growth slowed to 22,000 in August with unemployment rising to 4.3%, while inflation increased from 2.3% to 2.7%, challenging Trump administration's economic policies.
- Friday's jobs report showed employers added 22,000 jobs in August, as the unemployment rate ticked up to 4.3%, highlighting a collapse in hiring during President Donald Trump's first seven months back.
- Critics point to tariffs and immigration policies as causes for slowdown, with manufacturers cutting 42,000 jobs, builders downsizing by 8,000, and logging and mining shedding 12,000 jobs since January.
- Revisions showed the economy lost 13,000 jobs in June, prompting President Donald Trump to fire the Bureau of Labor Statistics head last month, while the White House maintained Friday's report was an outlier.
- Approval of President Donald Trump's economic leadership fell from 56% to 38% this year, and with roughly a year left, investors expect a Federal Reserve rate cut in September amid voter concerns.
- The Energy Information Administration in August estimated crude oil production will fall next year by 100,000 barrels daily, Kevin Hassett said 3% growth implies 100,000 monthly job gains, and Trump promised `jobs numbers like our country has never seen before' at a Thursday night dinner.
42 Articles
42 Articles
President Trump’s job market promises fall flat as hiring collapses and inflation ticks up
WASHINGTON — The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold. Friday’s jobs report 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 job…
Trump's Economic Policies Lead to Job Market Decline - Real News Now
The first seven months of Donald Trump’s resumed presidential term saw the once robust American job market diminish to a barely moving entity. The scenario was a troubling cocktail of waning hiring rates and a rebound of inflation prompted by implemented tariffs. The monthly jobs report for August alone illustrated the downfall with a mere 22,000 jobs added, a far cry from the vibrant numbers of the past, and an uptick in the unemployment rate t…
Trump’s job market promises fall flat as hiring collapses, inflation ticks up
New Delhi: The US job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House, as hiring has collapsed and inflation has started to climb once again as his tariffs take hold. Friday’s jobs report showed employers added a mere 22,000 jobs in August, as the unemployment rate ticked up to 4.3 per cent. Factories and construction firms shed workers. Revisions showed the economy lost 13,000…
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