Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

LetMyPeopleVote

(184,389 posts)
Thu Jul 2, 2026, 10:40 AM Thursday

MaddowBlog-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 Trump’s 18-month second term.

Over the previous 18 months, the economy added over 2.4 million jobs.

To date, the White House hasn’t even tried to explain why the job market worsened after Trump took office.
www.ms.now/rachel-maddo...

Steve Benen (@stevebenen.com) 2026-07-02T12:59:08.353Z

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 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 it’s still higher than it was when Donald Trump’s 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 Trump’s 18-month second term. Over the previous 18 months, the economy added more than 2.4 million jobs. To date, the White House hasn’t 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 Biden’s presidency, while the red columns point to Trump’s.
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
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

LetMyPeopleVote

(184,389 posts)
2. MS NOW dumps cold water on new Trump jobs report: 'Half of what we expected'
Fri Jul 3, 2026, 08:22 PM
Friday

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 NOW’s Stephanie Ruhle to raise a new red flag for the president’s 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 401K’s, people who can't get a job don't have a 401K, don’t 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.”



Latest Discussions»General Discussion»MaddowBlog-Job numbers di...