All posts tagged "Jobs Numbers"

President Donald Trump's promise to bring back U.S. manufacturing jobs has backfired as tariff-exposed industries are losing jobs, CNN reports.

The "American manufacturing renaissance" Trump pledged has had the opposite result following the president's trade war, impacting manufacturing, construction, and transportation industries, according to new analysis by Apollo Global chief economist Torsten Slok.

Slock reviewed a three-month moving average of employment data from the Bureau of Labor Statistics and found that these tariff-impacted sectors had job loss in recent years; however, this is the first time that payroll growth has been negative over a period of the last several months. ...

Political analyst David Chalian practically spat fire Friday on CNN after President Donald Trump announced he was canning a labor official because he didn't like the job numbers she released Friday.

Trump posted to Truth Social that Dr. Erika McEntarfer, the commissioner of Labor Statistics and a Biden appointee, published an "inaccurate" report revealing weaker-than-expected job numbers for May and June.

"There are two things here, just stepping back for a second, that I think are pretty clear," Chalian began. "One, Donald Trump's kind of giving away the fact that this is not a healthy, robust, growing economy at the moment. It's a weakening economy, and he's freaked out about it, right? I mean, just by the behavior."...