{"id":1052726,"date":"2025-05-02T13:28:45","date_gmt":"2025-05-02T17:28:45","guid":{"rendered":"https:\/\/democrats.org\/?p=1052726"},"modified":"2025-05-02T13:28:46","modified_gmt":"2025-05-02T17:28:46","slug":"in-trumps-economy-job-gains-are-down-and-layoffs-spike-to-pandemic-era-highs","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/in-trumps-economy-job-gains-are-down-and-layoffs-spike-to-pandemic-era-highs\/","title":{"rendered":"In Trump\u2019s Economy, Job Gains are Down and Layoffs Spike to \u201cPandemic-Era Highs\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to the April jobs report, <\/em>DNC Chair Ken Martin released the following statement: <\/em><\/strong><\/p>\n\n\n\n

\u201c<\/em>Donald <\/em>Trump\u2019s presidency has been nothing but a scam full of broken promises and higher costs for hardworking Americans. Thanks to Trump\u2019s trillion-dollar tariff tax, monthly job gains are down 50%, and small businesses shed nearly half a million jobs. As Trump steers the economy toward recession, this latest jobs report proves once again that Trump\u2019s chaotic agenda will only continue to wreak havoc on working families and our economy.\u201d<\/p>\n\n\n\n

NEW: Thanks to Donald Trump\u2019s chaotic and expensive agenda, job gains are down over 50%, and layoffs have spiked to the highest level in five years. <\/strong><\/p>\n\n\n\n

Challenger Gray & Christmas<\/a>: \u201cApril 2025 Job Cuts Plunge, But DOGE Drives 2025 Layoffs to Pandemic-Era Highs\u201d<\/strong><\/p>\n\n\n\n

\u201cU.S.-based employers announced 105,441 cuts in April, down 62% from the 275,240 job cuts in March. It is up 63% from the 64,789 cuts announced in the same month last year, according to a report released Thursday from global outplacement and executive coaching firm Challenger, Gray & Christmas. \u2026<\/p>\n\n\n\n

\u201cSo far this year, employers have announced 602,493, the highest year-to-date total since 2020 <\/strong>when 1,017,812 job cuts were recorded. It is up 87% from the 322,043 cuts announced during the same period in 2024. \u2026<\/p>\n\n\n\n

\u201cRetailers announced 7,235 cuts in April for a total of 64,319 in the first four months of the year, the second-leading industry in job cuts this year. <\/strong>This is a 296% increase from the 16,232 Retail job cuts announced during the same period last year.\u201d<\/p>\n\n\n\n

Bureau Of Labor Statistics<\/a>: The average jobs added per month across the first three months of Donald Trump’s second term was<\/strong> just 154,667 jobs, 54% lower than the last administration\u2019s monthly average<\/strong> of 336,250 jobs. <\/p>\n\n\n\n

Intuit<\/a>: \u201cThe latest quarterly data from the Small Business Index shows US small business employment fell by 433,500 jobs (-3.53%) in the first quarter of 2025.\u201d<\/strong><\/p>\n\n\n\n

Reuters<\/a>: \u201cUS job growth slows marginally in April; unemployment rate steady at 4.2%\u201d<\/strong><\/p>\n\n\n\n

\u201cU.S. job growth slowed marginally in April, but the outlook for the labor market is increasingly darkening as President Donald Trump\u2019s aggressive tariff policy heightens economic uncertainty. <\/strong><\/p>\n\n\n\n

\u201cNonfarm payrolls increased by 177,000 jobs last month after rising by a downwardly revised 185,000 in March, the Labor Department\u2019s Bureau of Labor Statistics said in its closely watched employment report on Friday.\u201d<\/p>\n\n\n\n

A majority of Americans believe the economy is on the wrong track under Trump \u2014 including Republicans. <\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cUS consumer sentiment fell to one of the lowest readings on record and long-term inflation expectations climbed to the highest since 1991 on fears of the economic fallout from tariffs. \u2026<\/strong><\/p>\n\n\n\n

\u201cAbout two-thirds of respondents see their inflation-adjusted incomes falling in the year ahead. Nearly as many expect unemployment to rise.\u201d<\/strong><\/p>\n\n\n\n

Conference Board<\/a>: \u201cNotably, the share of consumers expecting fewer jobs in the next six months (32.1%) was nearly as high as in April 2009, in the middle of the Great Recession.<\/strong> In addition, expectations about future income prospects turned clearly negative for the first time in five years, suggesting that concerns about the economy have now spread to consumers worrying about their own personal situations.\u201d<\/p>\n\n\n\n

Joe Weisenthal, Bloomberg<\/a>: \u201cMarch saw a big drop in how *Republicans* feel about the state of the US economy\u201d <\/p>\n\n\n\n

NBC News\/SurveyMonkey<\/a>: 60% of Americans say the country is on the wrong track, 60% disapprove of Trump\u2019s handling of inflation and cost of living.<\/strong><\/p>\n\n\n\n

Trump\u2019s trillion-dollar <\/strong>extra tax<\/strong><\/a> on working families is triggering a \u201cTrump recession.\u201d<\/strong><\/p>\n\n\n\n

NPR<\/a>: \u201cThe U.S. economy shrinks as Trump\u2019s tariffs spark recession fears\u201d<\/p>\n\n\n\n

CNBC<\/a>: \u201cWednesday\u2019s first-quarter GDP report added to fears the U.S. is already in a recession\u201d<\/p>\n\n\n\n

Wall Street Journal<\/a>: \u201cU.S. Faces Recession This Year, IIF Says\u201d<\/strong><\/p>\n\n\n\n

CNN<\/a>: \u201cFed Chair Powell gives starkest warning yet on potential economic consequences from tariffs\u201d<\/strong><\/p>\n\n\n\n

Bloomberg<\/a>: \u201cEconomic Uncertainty Has Never  Felt This Uncertain\u201d<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

In response to the April jobs report, DNC Chair Ken Martin released the following statement:  \u201cDonald Trump\u2019s presidency has been nothing but a scam full of broken promises and higher costs for hardworking Americans. Thanks to Trump\u2019s trillion-dollar tariff tax, monthly job gains are down 50%, and small businesses shed nearly half a million jobs. […]<\/p>\n","protected":false},"author":292,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1052726","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nIn Trump\u2019s Economy, Job Gains are Down and Layoffs Spike to \u201cPandemic-Era Highs\u201d - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/in-trumps-economy-job-gains-are-down-and-layoffs-spike-to-pandemic-era-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2025-05-02T17:28:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-02T17:28:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/democrats.org\/wp-content\/uploads\/2025\/01\/Black-Logo-White-Fill-For-Email.png?w=1024\" \/>\n<meta name=\"author\" content=\"Adrianna Tomasello\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Adrianna Tomasello\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/in-trumps-economy-job-gains-are-down-and-layoffs-spike-to-pandemic-era-highs\/\",\"url\":\"https:\/\/democrats.org\/news\/in-trumps-economy-job-gains-are-down-and-layoffs-spike-to-pandemic-era-highs\/\",\"name\":\"In Trump\u2019s Economy, Job Gains are Down and Layoffs Spike to \u201cPandemic-Era Highs\u201d - 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