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Yo_Mama_Been_Loggin

(124,070 posts)
Fri Jun 6, 2025, 09:28 PM Friday

Hey, Trump--your tariffs are still killing manufacturing jobs

The U.S. added 139,000 jobs in May, the Bureau of Labor Statistics announced on Friday, beating economists expectations but marking a slowdown from previous months as President Donald Trump's idiotic tariff policy takes a toll on the economy.

While the topline jobs number appeared to be fine, economists said a deeper look at the numbers paint a more concerning picture, as the past two month’s jobs numbers were revised downward, the labor force participation saw a steep decline, and certain industries actually lost jobs in May.

"Below the surface, there's a lot more to worry about," University of Michigan economics professor Justin Wolfers wrote in a post on X. "April was revised down -30k, and March was revised down -95k. As a result, payrolls grew at only an average rate of +135k over the past three months, a notable slowing."

What’s more, almost all of the job growth was from the health care and hospitality industries, according to the BLS data.

https://www.dailykos.com/stories/2025/6/6/2326306/-Hey-Trump-your-tariffs-are-still-killing-manufacturing-jobs

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