Hiring slowdown continues in 1st jobs report since Trump fired commissioner

[Nuthin' Fancy]

Trump will fire everyone now and take over the job himself.

Trump may as well, he is the jack of all trades, he knows so much.

 

[candycorn]

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.

— Trump in 2024 suggested that deporting immigrants in the country illegally would protect “Black jobs.” 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.

— At his April tariffs announcement, Trump said, “Jobs and factories will come roaring back into our country and you see it happening already.” Since April, manufacturers have cut 42,000 jobs and builders have downsized by 8,000.

— Trump said in his inaugural address that the “liquid gold” of oil would make the nation wealthy as he pivoted the economy to fossil fuels. But the logging and mining sectors — which includes oil and natural gas — 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.

Its difficult to find a silver lining in any of the numbers.

Trump's job market promises fall flat as hiring collapses and inflation ticks up

The U.S. job market has gone from healthy to lethargic during President Donald Trump’s first seven months back in the White House.

apnews.com