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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMaddowBlog-Job numbers disappoint again as 2026 reaches halfway point
The more Donald Trump insists the economy is amazing, the more we are confronted with evidence to the contrary.
All told, the U.S. economy has added 668,000 jobs over Trumpâs 18-month second term.
— Steve Benen (@stevebenen.com) 2026-07-02T12:59:08.353Z
Over the previous 18 months, the economy added over 2.4 million jobs.
To date, the White House hasnât even tried to explain why the job market worsened after Trump took office.
www.ms.now/rachel-maddo...
https://www.ms.now/rachel-maddow-show/maddowblog/job-numbers-disappoint-again-as-2026-halfway-point
Expectations heading into this week showed projections of about 115,000 new jobs being created in the United States in June. As it turns out, according to the new report from the Bureau of Labor Statistics, the totals fell far short of those expectations. CNBC reported:
The unemployment rate inched lower to 4.2%, which is still low by historical standards, though its still higher than it was when Donald Trumps second term began.
Also discouraging were the revisions for April and May, which subtracted a combined 74,000 jobs from previous estimates.....
All told, the U.S. economy has added 668,000 jobs over Trumps 18-month second term. Over the previous 18 months, the economy added more than 2.4 million jobs. To date, the White House hasnt even tried to explain why the domestic job market worsened after the Republican president took office.
?resize=560,301
To contextualize the data, I put together this chart to show month-to-month totals since the 2020 election. The blue columns point to Bidens presidency, while the red columns point to Trumps.
The U.S. economy saw job creation cool sharply heading into the summer, the Bureau of Labor Statistics reported Thursday.
Nonfarm payrolls for June increased by a seasonally adjusted 57,000 for the month, slower than the downwardly revised 129,000 added in May and worse than the 115,000 Dow Jones consensus forecast.
The unemployment rate inched lower to 4.2%, which is still low by historical standards, though its still higher than it was when Donald Trumps second term began.
Also discouraging were the revisions for April and May, which subtracted a combined 74,000 jobs from previous estimates.....
All told, the U.S. economy has added 668,000 jobs over Trumps 18-month second term. Over the previous 18 months, the economy added more than 2.4 million jobs. To date, the White House hasnt even tried to explain why the domestic job market worsened after the Republican president took office.
?resize=560,301
To contextualize the data, I put together this chart to show month-to-month totals since the 2020 election. The blue columns point to Bidens presidency, while the red columns point to Trumps.
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MaddowBlog-Job numbers disappoint again as 2026 reaches halfway point (Original Post)
LetMyPeopleVote
Thursday
OP
On average, 37,000 jobs per month. Typical of rethuglicans over the past 80 years.
OLDMDDEM
Thursday
#1
MS NOW dumps cold water on new Trump jobs report: 'Half of what we expected'
LetMyPeopleVote
Friday
#2
OLDMDDEM
(3,345 posts)1. On average, 37,000 jobs per month. Typical of rethuglicans over the past 80 years.
LetMyPeopleVote
(184,389 posts)2. MS NOW dumps cold water on new Trump jobs report: 'Half of what we expected'
These are really bad job numbers.
MS NOW dumps cold water on new Trump jobs report: 'Half of what we expected' #RawStory
— #TuckFrump (@realtuckfrumper.bsky.social) 2026-07-02T13:39:56.000Z
https://www.rawstory.com/trump-jobs-2677146445/
There was more bad news for Donald Trump on Thursday morning as the new jobs report revealed dismal growth, leading MS NOWs Stephanie Ruhle to raise a new red flag for the presidents embattled administration.
Appearing on Morning Joe, Ruhle, a former Wall Street executive, noted that only 57,000 new jobs were created a far cry from the 115,000 expected by economists.
Speaking with host Jonathan Lemire, who warned, We've seen downward revisions for the last two months, Ruhle first explained that Trump should not expect a rate decrease from the Fed as the job market remains stagnant.
She later elaborated, People cannot afford to get their lives started; they cannot afford the basic things they need to work to get to work, a place to live, a decent job that's an issue we're talking about a jobs number that's almost half of what we expected.
So when the president is posting about 401Ks, people who can't get a job don't have a 401K, dont have anything to feel good about, she pointed out.
"Remember it was [former Fed chair] Alan Greenspan, I think, who said 2006, who said income inequality is going to be the biggest issue, she continued. We're watching it play out day in and day out, and it's startling that when the President is faced with it, he keeps saying things like affordability is an old-fashioned term and nobody cares. He doesn't care because he's on his way to the moon when it comes to how successful and how wealthy he has become.
Appearing on Morning Joe, Ruhle, a former Wall Street executive, noted that only 57,000 new jobs were created a far cry from the 115,000 expected by economists.
Speaking with host Jonathan Lemire, who warned, We've seen downward revisions for the last two months, Ruhle first explained that Trump should not expect a rate decrease from the Fed as the job market remains stagnant.
She later elaborated, People cannot afford to get their lives started; they cannot afford the basic things they need to work to get to work, a place to live, a decent job that's an issue we're talking about a jobs number that's almost half of what we expected.
So when the president is posting about 401Ks, people who can't get a job don't have a 401K, dont have anything to feel good about, she pointed out.
"Remember it was [former Fed chair] Alan Greenspan, I think, who said 2006, who said income inequality is going to be the biggest issue, she continued. We're watching it play out day in and day out, and it's startling that when the President is faced with it, he keeps saying things like affordability is an old-fashioned term and nobody cares. He doesn't care because he's on his way to the moon when it comes to how successful and how wealthy he has become.