As August begins, working families across America are paying the price for Donald Trump’s reckless incompetence. The American economy is reeling from a devastating one-two punch as July’s catastrophic jobs report revealed the worst three months for jobs growth since the pandemic (and before that, since the aftermath of the Great Recession), while Trump simultaneously unleashed his most destructive tariff blitz yet, targeting 92 countries with crushing levies that will hammer working families with skyrocketing prices on everything from coffee and paper towels to pharmaceuticals and cars. This damning economic report, combined with Trump’s tariffs, is causing the stock market to fold, and anemic job growth represents a shocking collapse from previous months and falls far below economists’ estimates – leaving millions of workers and families behind. Read more about how Trump’s tariffs are wreaking havoc on the U.S. economy:
HEADLINES
‘Shockingly Bad’ Jobs Report Shows Summer Hiring Slowdown
- Bloomberg: US Notches Worst Three Months for Jobs Growth Since Pandemic
- The Wall Street Journal: U.S. Hiring Slowed Sharply Over the Summer
- Fortune: Shockingly Bad Jobs Report Reveals A Months-Long Stall and May Trigger Fed Rate Cuts Soon
- The Financial Times: US Labour Market Suffered Sharp Slowdown Over Past Three Months
- Axios: Job Market Barely Budges In July, Past Revisions Signal Warning For Economy
- CNBC: U.S. Added Just 73,000 Jobs In July and Numbers For Prior Months Were Revised Much Lower
- NPR: The Job Market Is Showing Signs of Weakness As Trump’s Tariffs Take Effect
Stocks Plummet As Dismal Jobs Report Rolls In
- The New York Times: Markets Fall on Weak Jobs Data and Trump’s New Tariffs
- The Wall Street Journal: Stocks Skid on Trump Tariff Blitz, Jobs Data
- Fortune: Stocks Dive As Job Numbers Disappoint and Tariff ‘Panic’ Sets In
Trump’s Tariffs Continue To Hike Prices