Trump Administration Policies Are Crashing The US Economy

Economic Downturn Under Trump

• 📉 Job losses and economic decline are mounting under the Trump administration, with economists warning of an impending US recession.
• ⚠️ Tariffs are beginning to impact inflation as imported goods stored in warehouses run out, forcing retailers to import more.
• 💼 The deportation regime has also negatively affected hiring of native-born Americans by disrupting businesses that rely on trained workforces.

Grim Jobs Report Data

• 📊 The August jobs report showed only 22,000 jobs added, significantly less than the expected 75,000, with June and July numbers revised downwards.
• 📈 The unemployment rate rose to 4.3%, and black unemployment reached 7.5%, its highest since October 2021.
• 📉 Manufacturing saw a loss of 12,000 jobs in August, with auto manufacturing down nearly 23,000 over the year.
• 🔬 Scientific research and development jobs fell by 3,600, indicating a potential decline in innovation.

Impact on Workforce and Wages

• ⚠️ The share of unemployed individuals unemployed for 27 weeks or more rose to 25.7%, the highest since February 2022.
• 👨‍🏭 Men have lost 56,000 jobs over the last four months, while women gained 76% of jobs in 2025, largely in healthcare.
• 🏠 Native-born unemployment is at its highest levels since the pandemic.
• 💰 Average hourly wage growth has slowed to 3.7% year-over-year, lagging behind inflation.

Economic Outlook and Rhetoric

• 🗣️ Despite grim numbers, some figures like Howard Lutnick express extreme optimism for next year's employment, potentially due to financial instruments related to tariff refunds.
• ⏳ The speaker contrasts this optimism with the immediate reality of people worrying about next month's rent, questioning where future job growth will materialize.
• 🏦 The Federal Reserve may need to lower interest rates to combat rising unemployment, increasing the chances of stagflation.
• 🔮 Projections for economic recovery are pushed further out, with some suggesting 2026 or 2027 as potential years for significant improvement.