A new monthly jobs report from the Bureau of Labor Statistics (BLS) points to troubling signs for the so-called “Trump Economy.” According to the agency’s February jobs report, which was released late last week, the total number of jobs in the U.S. dropped by 92,000 for the month. The BLS report also included updates for the previous two months, showing downward revisions of 65,000…
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The January jobs report from the Bureau of Labor Statistics (BLS) appears, at first glance, to have positive numbers. But revisions within the report for previous months — and examinations of numbers over the past year — indicate a shakier economy than the Trump administration may want to admit. The report, published on Wednesday morning, boasts of 130,000 jobs being created in January…
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For months, President Donald Trump has falsely claimed that food prices have gone down under his watch — but a new federal report shows that prices have increased overall since he reentered the White House, particularly for some staple items. Trump has peddled false narratives regarding price decreases at several junctures, including in late November, when he claimed that costs for groceries…
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The Bureau of Labor Statistics released the jobs report for December on Friday, showing an unusual slowdown in growth for a month where consumer spending typically generates much higher numbers. Job growth increased by around 50,000, the report noted. Unemployment remained relatively unchanged from November, going from 4.5 percent in that month to 4.4 percent in December.
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During a speech on Monday, President Donald Trump continued to dismiss Americans’ concerns about affordability, instead claiming that the U.S. is witnessing a “golden age” of prosperity under his tenure. In remarks before McDonald’s franchise owners gathered in Washington, D.C., Trump said that he has “normalized” inflation, and gave a glowing report of the economy under his watch. In fact…
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On Thursday, President Donald Trump rejected the premise that voter concerns about “affordability” and his administration’s failure to address rising consumer costs played a role in the Republican Party’s election losses earlier this week. Exit polling data indicates that Americans are indeed upset about the state of the economy. In two gubernatorial races that were won by Democrats this week…
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