Donald Trump is becoming a job destruction machine

There are currently two American economies: launched by Mad King Donald, this is just in the corner… And just a few months away… And next year… and then Americans need to live in the autocratic clarity – one of the stagflation and rising unemployment.

And the dismissal of the chief statistician is not a treatment for bad economic news. . August Job Report The Working Statistics Bureau (BLS) was significantly worse than the July report, which saw the Trump Sack commissioner Erika Mcentarfer. According to Trump’s liquidation Bls, only 22,000 new jobs were reported in August, the unemployment rate rose to 4.3%. Economists were looking for payrolls that would rise by 75,000. There was a significant slowdown due to the increase in July 79,000.

But worse, the latest revisions have further reduced the results since June. The first forecast from BLS claimed that 147,000 work was created at the beginning of summer in July. August data reviewed this by 27,000. Now Bls is a June loss 160,000 less than 13,000 work – or the first thought and the first job loss since the end of 2020.

Scrape the details and worsen the picture even worse. The entire vainglorious stupidity of Mad King’s economic plan is to restore US manufacturing work at the expense of the rest of the world. However, in August, Trump’s era for more than six months, the manufacturing fell 12,000 and has received total damage since it returned to the presidency to 78,000.

Production was one of the successes of Biden administration. Biden’s policies (some of which are taken from the first period of Trump) did not restore the production after pandemia, They provided us with production employment to the highest level since the beginning of the financial crisis. This pointed out that even if it was not enough to stop Trump’s return, it could rebuild the production of a mixture of more targeted protectionism and government expenditures.

Works are different by Trump 2.0: Protectionism is now increasing the costs of general and every American business; Programs such as Inflation reduction law Renewable energy support has ended; And the elements of the Trump administration supporting foreign investment in the United States, economic lawsuit for immigrant workers, and a clear conflict between the anti -racist emotion that dominates the republicanism of the Maga.

Exhibited Migration pressure This found that hundreds of South Korean workers were arrested at the construction site of a new Hyundai electric battery production facility in Georgia. Construction has now been stopped and the dominant US will send a great shock through Asian companies considering investing in the United States. In the construction sector, the United States is experiencing comprehensive labor shortage that worsened only by Trump’s hatred of immigrants.

Federal government employment fell by 15,000 in August and Trump has damaged it since it reached 97,000 in January. In the coming months, tens of thousands of federal workers have to register for severance pay and register for unemployment aids. Between 16-24 years of age, Unemployment has reached 10.5% of the highest level of four years. Unemployment It rose to 7.5% among African-Americans – Again, the highest since my pande. The idea that Trump’s policies benefit from the poorest Americans in any way is tangible nonsense.

In addition, last week, the number of work gaps, which showed a significant decrease in the number of jobs. Openings for 7.18 million -10 The lowest level of the months and the first time empty jobs have exceeded the number of unemployed since April 2021.

All this, as inflation rises to 2.7% after Trump’s tariffs – even if the administration continues to deny that US businesses or consumers pay for them. The stagnant labor market will force the Federal Reserve to re -reduce the US rates, despite its concerns about inflation – it will undoubtedly be bullying to Trump’s pleasure, and to an earlier ratio section, except for the attempt to make Fed ordinary consumer goods more expensive.

The line from Trump and his apology, the works will return soon and that manufacturing works cannot be released anywhere They have to build factories first. Ask Hyundai how it goes.