Trump’s tariffs beat up economy as private sector loses jobs in June
The destructive commercial policy of President Donald Trump finally seems to have the devastating impact On the labor market that economists predicted, as ADP reported Wednesday, private employers lost 33,000 jobs in June in the middle of uncertainty created by Trump absurd prices.
“Although dismissals continue to be rare, the hesitation in hiring and the reluctance of replacing outgoing workers led to job losses last month,” said ADP chief economist Nela Richardson, in a press release.
The ADP Jobs report was massively different from the 100,000 jobs that economists that economists would be added would be added to the private sector. It came the same day as the Microsoft technology giant announced that it Cut 9,000 other jobs“Breaking the total of the company’s job shortcuts this year at more than 15,000.
Economists directly attribute job losses in the June private sector to Trump prices, which increases the cost of business.
“The Report on the employment of the JUNE ADP reaffirms what many of us have pointed out – the medium -sized and medium -sized companies, which do not have an adequate financial depth to absorb the price increases induced by the prices, go back to the rate of hiring”, the economist Joseph Brusuelasmember of the Wall Street Journal economic forecasting panel,, said In a post on X.
Even Fox Business – part of the Fox propaganda network which is cheerleader for Trump – could not hear the news.
“Our big surprise today had to be this ADP report on the employment of the private sector. It was down 33,000 jobs! The labor market is softening. It is flat. said On Fox Business.
While the ADP report has shown that Trump policies harm the economy, Trump himself has published a Post social of truth filled with lie It said everything is great! He said that his prices work as he wanted, and he said that “a large and beautiful bill” – which hurts the poor and the working class in order to give tax reductions to the rich – will make things even better.
“No one wants to talk about growth, which will be the main reason why the great and beautiful bill will be one of the most successful laws ever adopted,” said Trump, led again on the impacts of the bill that Give millions of health care and good food while Cut the taxes for the rich And exploding the deficit At levels that put the American economy in danger.
“This growth has already started at levels never seen before. Billions of dollars are now invested in the United States, more than ever. Year, more than one of our competitors, but only if the major bill is adopted! Make America great again! »»
Yes, and further down, on the left is right, and Oceania had always been at war with Eastasia.
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