US EditionBy Many Measures, Trump Has Dug Himself Into a Hole on the Economy as Its Performance Has yet to Come Anywhere Close to His Hype
Top Cabinet members and labor experts blame the Federal Reserve's policies for August's slow job growth and rising unemployment, highlighting challenges in economic management.
6 Articles
6 Articles
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
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 jobs in June, th…
Trump Cabinet members target Jerome Powell for weak economy, August jobs numbers
Labor experts, including Trump administration top Cabinet members, are blaming the Federal Reserve and Chairman Jerome Powell for the latest disappointing jobs report and signs of a weakening economy."Jerome Powell should be embarrassed by this report because he has not done his job," U.S. Labor Secretary Lori Chavez-DeRemer said on FOX Business' "Varney & Co." Friday.Treasury Secretary Scott Bessent published a Wall Street Journal op-ed Friday,…
The president of the United States, Donald Trump, once again criticised the President of the Federal Reserve, Jerome Powell, for the delay in cutting interest rates, hours after the disclosure of payroll (employment report) under expectations by the financial market. “Jerome ‘Dear Late’ Powell should have reduced interest rates for a long time. As he is always ‘Dear!’, he wrote the President of the United States, in his publication in the Social…
According to the latest U.S. Department of Labour (BLS) figures released today, Friday, September 5, only 22,000 new jobs were created in the U.S. in August, compared to 71,000 in the same period last year.1 The BLS also reduced its figures for the month of June, during which 13,000 jobs were reportedly lost (instead of an initial increase of 14,000). The unemployment rate increases by 0.1 percentage points, and is 4.3%. These data, coupled with…
US Job Growth Collapses To Just 22K, Unemployment Rate Rises To 4.3% Putting 50bps Rate Cut In Play - Nemos News Network
US Job Growth Collapses To Just 22K, Unemployment Rate Rises To 4.3% Putting 50bps Rate Cut In Play Ahead of today’s jobs report, consensus was that a print between 40K and 100K is largely priced in and greenlighting a 25bps rate cut by the Fed in two weeks, and that we would need a real outlier number for the Fed to either cut 50bps… or not hike. Well, we got a real outlier when moments ago the BLS reported that in August the US added only 22K…
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