This week has been a chaotic mess for Donald Trump’s economy, as stagnant growth and price increases drive us closer and closer to America’s first period of stagflation in fifty years. New ADP employment numbers out today only confirm what working families across the country are facing: the U.S. lost 32,000 jobs last month, after economists predicted it would add more than 50,000. ADP noted that job creation lost momentum across most sectors. And this all comes as Trump prepares to bail out American farmers because his own tariffs are putting their livelihoods at risk. See below for more on how Trump’s terrible economy is hemorrhaging Americans’ jobs:
HEADLINES
- Bloomberg: US Firms Shed 32,000 Jobs in ADP Report After Data Adjustment
- MarketWatch: Consumer confidence weakens on growing concerns about jobs
- Reuters: Moderate US job openings, weak hiring underscore labor market stagnation
- ABC News: US job openings barely budged in August at 7.2 million
- Newsweek: Government Shutdown Could Delay Another Bad Jobs Report for Trump
- The Hill: Trump’s Agriculture secretary: ‘The farm economy is not in a good place’
- CNN: Candid photo of Scott Bessent’s phone reveals administration’s concern about two key Trump policies