Trump dug himself in a hole on the economy with a decrease in his performance against noise

Job report on Friday Employers showed only 22,000 jobs in August, where the unemployment rate increased to 4.3 %. Factories and construction companies get rid of workers. Reviews showed that the economy lost 13,000 jobs in June, which is the first monthly losses since December 2020, during the Covid-19 pandemic.

The new data revealed the wide gap between The prosperous economy Trump’s promise and the most poor reality of what he could present so far. The White House is proud to work very quickly, but it is now asking the American people patience, as Trump says better business numbers may be a year away.

Trump said on Friday: “We will win as you haven’t seen it before,” Trump said on Friday. “Wait until these factories start openness that is built throughout the country, you will see things happen in this country that no one expects.”

The appeal of patience did not do much to calm the Americans, as economic issues that have been the power of Trump have evolved from a decade ago to continuous twice. The approval of Trump’s economic leadership reached 56 % in early 2020 during his first term, but this number was 38 % in July this year, According to the voting By the Associated Press Nork Public Affairs Research.

The situation left Trump looking for others to blame, while Democrats say the problem begins and ends with it.

Trump confirmed on Friday that the economy will add jobs if Jerome Powell, head of the Federal Reserve, cut standard interest rates, although doing so to the point that Trump wants to ignite the high inflation. Investors expect the federal reserve price to be reduced in its next meeting in September, although this is partly due to the weakening of the numbers of jobs.

Senate minority leader Chuck Schumer, DN.Y, said that Trump’s tariff and free wheel policies were destroying the economy and the job report proved this.

“This is a warning of the blatant red light for the entire country that Donald Trump presses life from our economy,” Schumer said.

Through many measures, Trump dug himself in a hole on the economy because his performance has not yet approached the noise.

In 2024, Trump suggested that the country illegally deporting migrants would protect “black jobs.” But the black unemployment rate has risen to 7.5 %, which is the highest since October 2021, as the Trump administration participated in an aggressive campaign on immigration.

– In his induction declaration in April, Trump said: “jobs and factories will reach a return to our country and see that this is already happening.” Since April, manufacturers have reduced 42,000 jobs, and the size of builders has reduced by 8,000 jobs.

– Trump said in his opening speech that “liquid gold” of oil will make the nation rich as it burns the economy to fossil fuels. But the sectors of cutting tree and mining – which include oil and natural gas – have thrown 12,000 jobs since January. While gasoline prices are lower, the Energy Information Administration in August estimated that crude oil production, the source of the wealth that Trump has promised, will decrease next year by 100,000 barrels per day.

– In 2024 marches, Trump promised “to end” inflation on “the first day” and half of the electricity prices within 12 months. Consumer prices increased from an annual increase by 2.3 % in April to 2.7 % in July. Electricity costs increase by 4.6 % so far this year.

The White House Trump confirms that the economy is on the threshold of intermittent growth, with new import taxes ready to increase hundreds of billions of dollars annually if possible. Boss the challenges of the court.

At Thursday night dinner with executives and founders of companies, including appleand Googleand MicrosoftAnd Openai and DeadTrump said that the facilities that are built to develop artificial intelligence will provide “job numbers like our country unprecedented” at some point “a year from now.”

But Michael Saver, Director of Economic Policy Studies at the American Projects Institute, indicated that Trump’s promise that the growth of strong jobs contradicts his baseless allegations that the recent job data was fake to embarrass him. This accusation prompted him to shoot the head of the work statistics office last month after the enormous enormous reviews of the job report in July.

It is logical that the administration would say that the best times are coming, but it seems that doing so undermine Trump’s allegations that the numbers are forgery.

“The president clearly stated that the data was not worthy and that the weakness of the data was the product of the anti -Trump manipulation,” Strad said. “And if this is true, what do we have?”

The White House confirmed that the job report on Friday was strange in a good economy otherwise.

Kevin Haysit, director of the National Economic Council of the White House, said that the Federal Reserve in Atlanta expects 3 % annual growth in this quarter, which he said would be more consistent with the gains of monthly jobs of 100,000.

Hasit said inflation is low, and the growth of income is “strong” and will enhance new investments in assets such as buildings and equipment at the end of employment.

But Daniel Horing, who was the deputy director of the National Economic Council at the White House, said that he had not seen evidence of a recovery coming in the August Jobs data.

“The weakness is very wide,” said Horong. “The three -month decrease in the cargo production sectors such as construction and manufacturing is particularly noticeable. There were already opposite winds there and the tariffs are likely to worsen.”

Stephen Moore, A colleague of economics at the Conservative Heritage Foundation and the President of the President said that the labor market is “certainly softening”, even when Trump’s allegations that job numbers are not reliable.

He said that the economy was adapting to Trump’s transformation in the high definitions and immigration discounts that could reduce the group of workers available.

Moore said: “The problem is to move forward is a shortage or workers, and not a shortage of jobs,” Moore said. “In some respects, this is a good problem.”

But political advisor and polls, Frank Lonsz, assumed the contradictory opinion that the job report will not eventually concern Trump’s political fortunes and movement because voters are more interested in inflation and the ability to bear costs.

“This is what the audience is watching,” Lonsz said. ” “Everyone who wants a job has a job, often.”

Lonsz said that from the election point of view, Trump still has almost a year to show progress in improving the ability to bear costs. Voters will generally close their opinions around the economy by Labor Day before the midterm elections next year.

In other words, Trump still has time.

“It is still up to the seizure,” he said. “The decisive point will come on Labor Day for the year 2026.”