News / economy
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1 min read
The Economy Lost 23,000 Jobs and Unemployment Went Down
Read more . . . →The U.S. economy shed 23,000 jobs in July and the unemployment rate went down. Not a typo. The Bureau of Labor Statistics reported Friday that payrolls went negative and the rate “improved” to 4.1 percent, because 264,000 people left the workforce entirely. Stopped looking, stopped being counted. Labor force participation is at 61.4 percent, lowest in five years. The rate didn’t improve. The pool just got smaller. This is the number they’ll wave around. Four point one. Strong. Meanwhile average monthly job gains this year sit at 34,000. May’s numbers got revised down by 66,000 after the fact. June got...
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1 min read
Trump's Tariffs Killed More Small Business Jobs Than COVID Did
Read more . . . →The math is in. The smallest American businesses — fewer than 10 employees — lost 4.5 times more jobs in 2025 than they did during the entire pandemic year of 2020. No lockdowns. No virus. Just Trump’s tariffs running for 13 straight months. 292,000 jobs gone from businesses that can’t offshore, can’t lobby, can’t absorb a 145% cost shock and survive it. The Joint Economic Committee broke it down by sector. Leisure and hospitality — restaurants, hotels — down 48,000 jobs and 15% of revenue. Small manufacturers down 38,000 jobs and 11% of revenue. These aren’t abstract numbers. These are...
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1 min read
Happy Anniversary, Liberation Day
Read more . . . →One year ago this week, Trump stood in the Rose Garden and announced the highest tariffs in nearly a century. Called it “Liberation Day.” Promised it would bring back factory jobs, rebuild American manufacturing, and make other countries pay. Well, here’s your scorecard: factory jobs are down, inflation is up, and the Supreme Court ruled the whole thing was illegal. Liberated from what, exactly? Your own paycheck? The best part is the $2,000 rebate checks he dangled in front of everyone like a carnival prize. Not a single one has hit anyone’s bank account. Meanwhile, over 2,000 companies — including...
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1 min read
The Only Thing He Reshored Was the Recession
Read more . . . →The Supreme Court ruled Trump’s tariffs illegal and now US businesses are owed $130 billion in refunds while 98,000 manufacturing jobs vanished on his watch. The only thing he reshored was the recession.
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