New jobs numbers hint at Great Recession 2.0
The Friday job report should send a thrill through the spine of each American, because he has shown that employment growth in the United States was practically non -existent in the last three months – a direct consequence of chaos that President Donald Trump has created with his absurd tariff policy.
The American economy has just added 73,000 jobs In July, the Labor Statistics Office announcementalready missing forecasters expectations of 110,000 jobs.
But even more disturbing is that BLS has revised the two previous job reports by a Popping 253,000 jobsSaying that only 19,000 jobs were added in June and 14,000 added in May.
This makes the last three weakest job reports since the COVVI-19 crisis anomaly. Do not take into account the months of 15 months is the Worse three consecutive months For job creation since 2010 and the consequences of the great recession.
“This labor market is in trouble,” said Heather Long, chief economist of the Credit Union de la Marine. wrote In an article on X. ” [and] Social assistance is roughly the only sectors that hire. It’s not healthy. “”
Indeed, without growth in employment in the health care and social assistance sectors, employment growth in the last three months would have been negativeas industries such as manufacturing, mining, trade, professional and commercial services and the government have all lost jobs.
“The lower periods of employment growth over the past decade have all occurred under Trump”, the Democrats of the Chamber of the Chamber Committee wrote In a post on X.
It’s just the last report Released this week which shows that the American economy is in trouble.
Thursday, the trade department announced that Inflation is increasingespecially in the industries struck by Trump’s absurd prices. Meanwhile, the GDP report has shown that the economy stagnated in the first half of the year.
“We entered this week and we said it was a pivotal week for the economy. And I must say …Indicator after the indicator proved to be worse than expected, “Matt Egan in CNN reported. “Basic GDP has really shown that the American economy has slowed down during R2. Inflation report yesterday–which has warmed up. “”
Worse still for this whole situation is that Trump announced More stupid prices on Dozens of American business partners Thursday evening, including a massive 35% levy on Canadian imports. But don’t worry, Trump focuses on the laser on the means of adding jobs. THE 200 million dollars in hideously ostentatious living room He adds to the White House will add some construction jobs, right?
As Marie Antoinette would have said to the hungry peasants of France, “let them eat cake!”
