
Blue Press Journal (DC) – The latest jobs report from the Labor Department has revealed a worrying trend in the US economy, with hiring decelerating to 79,000 in July, down from previous months. The unemployment rate has also ticked up to 4.3%, its highest level since 2021, exceeding expectations. This slump in job growth is a clear indication that President Donald Trump’s policies, including his trade wars, are creating uncertainty that is leaving managers reluctant to make hiring decisions.
So far in 2025, the economy has generated a mere 85,000 new jobs per month, a significant drop from the 168,000 jobs created last year under Biden and a far cry from the average 400,000 jobs per month during the hiring boom of 2021-2023. This boom was a result of the US economy recovering from COVID-19 lockdowns, but Trump’s policies seem to be reversing this progress.
According to Heather Long, chief economist at Navy Federal Credit Union, “The labor market is showing signs of cracking. It’s not a red siren alarm yet, but the signs keep growing that businesses are starting to cut workers.” The Labor Department’s report on Thursday also showed that the number of Americans applying for unemployment benefits rose to the highest level since June, although the number of claims remained within a healthy range.
In a surprising move, President Trump fired Erika McEntarfer, head of the Bureau of Labor Statistics, following the weak July jobs report. Trump claimed the report was rigged against him, a statement that faced widespread criticism. This decision has raised concerns about the Bureau’s independence and the integrity of its data.
The latest jobs report indicates that Trump’s economic policies are failing. His trade wars and uncertain decisions are causing businesses to hesitate, slowing job growth.
Leave a comment