Trump ran on restoring prosperity
He has added 2.3 trillion in debt in under a year to send the US deficit soaring to 38.5 trillion.
The US jobs report for 2025 shows Trump has pushed the real world economy over a cliff, destroying millions of jobs by his disastrous trade policies, tax cuts for the super rich and DOGE cuts.
2025 was the worst year for job creation apart from the year of the covid pandemic in 2020 and financial crisis in 2009, real low points in the US economy.
Where we might have expected to 2 to 4 million jobs to have been added in 2025 in the USA comparable with previous years, only 584,000 were with just 50,000 in December.
The reason is clear. Trump s catastrophic tariffs and tax cuts for the rich as well as Doge s mass firings of federal workers has unbalanced the economy, tiltling it to ever higher debt, inflation and an ever weaker real world economy.
The bottom line. Trump is right to fear losing the mid terms and ending up impeached.
For sure, he has forced down interest rates and to some extent nflation at the price of a de facto semi recession.
But the longer term impact of his tariff, trade, budget and tax policies will be a far weaker real world economy and far higher debt and inflation.
As for the 1.5 trillion planned for the Pentagon in 2027, much of this may be eviscerated by inflation as the dollar collapses.
From media
The U.S. economy added just 50,000 jobs in December, capping off the worst year for hiring since 2020, when the Covid pandemic brought the global economy to a standstill.
Save for 2020, last year ranks as the poorest year for job creation since 2009 and the global financial crisis.
Just 584,000 jobs were created in 2025, far below the more than 2 million added in each of the prior two years, and the more than 4 million hires in 2022, the height of the post-pandemic recovery.
Last year, the labor market added jobs at an average pace of 48,000 jobs per month, after revisions.
https://www.nbcnews.com/business/economy/december-jobs-report-unemployment-rate-rcna253115
https://www.epi.org/blog/december-jobs-report-shows-a-decidedly-weaker-labor-market-than-a-year-ago/
Elise Gould
@elisegould.bsky.social
Today's #JobsReport tells us the economy is decidedly weaker than a year ago:
-unemployment rate is 4.4%, up from 4.1% last Dec
-payroll employment up 50k; total gain this year only 585k compared to 2.0 million in 2024
-federal employment is down 277k since Jan, a loss of 9.2% federal jobs
#EconSky
Elise Gould
@elisegould.bsky.social
· 16 Std.
The slowdown in job growth this year is stark compared to 2024. The average monthly gain was only 49,000 in 2025 compared to 168,000 in 2024. Over the last three months, average job growth was actually negative, meaning there are fewer jobs now than in September.
#NumbersDay #EconSky
Elise Gould
@elisegould.bsky.social
· 15 Std.
Leisure and hospitality gained 47k jobs in Dec after falling in Nov. Health care and social assistance continue to add jobs. Retail jobs fell along with construction, professional and business services, and manufacturing. Manufacturing has lost jobs every month over the last 8, down 72k since April.
Elise Gould
@elisegould.bsky.social
· 15 Std.
Attacks on the federal workforce were astounding in 2025. Federal employment has shrunk an alarming 277,000 since January. The vital services federal employees provide cannot be done without these essential workers. The cost of these losses are only beginning to be felt.
#EconSky #NumbersDay
Elise Gould
@elisegould.bsky.social
· 15 Std.
The unemployment rate is higher than at the start of the year (4.4% vs 4.0%). Black unemployment (7.5%) is far higher than any other group and up since in Jan (6.2%). Unemployment rise was worst for Black women (7.8% in Dec vs 5.4% in Jan). See www.epi.org/blog/whats-b... for more context.
#EconSky
Elise Gould
@elisegould.bsky.social
· 15 Std.
The unemployment rate for U.S. born workers is up over the last year as well, from 3.7% in December 2024 to 4.1% in December 2025, evidence against the myth that the slowdown in the labor market in 2025 was limited to immigrants.
Elise Gould
@elisegould.bsky.social
· 15 Std.
While the unemployment rate has risen since January (4.0%-4.4%), the share of the population with a job weakened (60.1%-59.7%). The prime-age employment-to-population ratio (share of 25-54 year olds with a job) has remained surprisingly steady over the last several months.
Elise Gould
@elisegould.bsky.social
· 14 Std.
Long-term unemployment—unemployed for more than 26 weeks—surged to 1.948 million in Dec. The last time we saw long-term unemployment this high was back in December 2021 when we were still coming out of the pandemic recession. It's increasing hard for workers to (re)enter the workforce.
#EconSky
Elise Gould
@elisegould.bsky.social
· 14 Std.
The unemployment rate for young workers (16-24 years old) has been rising steadily for much of the last 2 1/2 years. With depressed hires, I'm concerned about the ability for young workers to break into the labor market.
#EconSky #NumbersDay
jakemadtown.bsky.social
@jakemadtown.bsky.social
· 16 Std.
Also, the 4.1% in Dec 2024 is misleading, because they re-set the household survey numbers in Jan 2025 to account for higher population of 3 mil and labor force by 2.4 mil.
In Jan 2025, unemployment was 4.0%, only 161,000 more people were employed in Dec 2025, and 638K more unemployed.
#EconSky
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