Economic Slowdown & Job Market - August jobs report shows US added only 22,000 jobs, significantly less than the expected 75,000 [1] - Unemployment rate saw a slight increase to 43% [1] - Revised figures show a job cut of 13,000 in June, marking the first net monthly decrease in jobs in America in over four years [10] - The economy is slowing down, regardless of claims to the contrary [3] Impact of Tariffs & Trade Policies - Tariffs are making business more difficult in the United States, increasing costs [4] - The promised boom of manufacturing jobs due to tariffs has not materialized; those jobs have disappeared [5] - Companies that manufacture real things and sell products to real Americans are facing difficulties, leading to layoffs or hiring pauses [7] - The President's economic plan, relying on tariffs to boost American manufacturers, is unlikely to yield short-term benefits [12][13] Market & Corporate Concerns - The stock market's performance is largely driven by a few mega-tech companies, which are less impacted by tariffs and inflation [5] - Companies like John Deere are laying people off, and Walmart has warned of rising prices [6] - Nike anticipates significant financial impact due to tariffs [6] Government & Policy - President Trump fired the head of the Bureau of Labor Statistics after a weak jobs report [2] - President Trump suggests real economic growth will only be visible in a year [7] - There is a perception that the administration ignores or manipulates statistics when they are unfavorable [9]
'It's not good': The U.S. added just 22,000 jobs in August
MSNBC·2025-09-05 13:23