{"id":1053540,"date":"2025-06-12T18:29:59","date_gmt":"2025-06-12T22:29:59","guid":{"rendered":"https:\/\/democrats.org\/?p=1053540"},"modified":"2025-06-12T18:30:00","modified_gmt":"2025-06-12T22:30:00","slug":"new-jobless-claims-hit-highs-as-americans-brace-for-trump-recession","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/new-jobless-claims-hit-highs-as-americans-brace-for-trump-recession\/","title":{"rendered":"NEW: Jobless Claims Hit Highs As Americans Brace for Trump Recession"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

In response to <\/em>record-breaking jobless claims<\/em><\/a>, <\/em>DNC Chair Ken Martin released the following statement:<\/em><\/strong><\/p>\n\n\n\n

\u201cJobless claims? Up. Layoffs? Up. Americans\u2019 confidence in the economy? Way down. Donald Trump\u2019s cost-hiking agenda is stagnating job growth, making life more unaffordable, and dragging America toward economic disaster. But instead of listening to the warnings of both economists and working families, Trump is prioritizing his ultra-wealthy backers and won\u2019t think twice about letting Americans suffer so long as his billionaire buddies get another tax break.\u201d <\/p>\n\n\n\n

NEW: Donald Trump\u2019s unaffordable and unpopular agenda is damaging the economy. Jobless claims last week remained at the highest level in months. <\/strong><\/p>\n\n\n\n

Associated Press<\/a>: \u201cThe number of Americans filing for jobless claims last week remains at the highest level in 8 months\u201d<\/p>\n\n\n\n

\u201cU.S. filings for jobless benefits were unchanged last week, remaining at the higher end of recent ranges as uncertainty over the impact of trade wars lingers.<\/p>\n\n\n\n

\u201cNew applications for jobless benefits numbered 248,000 for the week ending June 7, the Labor Department said Thursday. Analysts had forecast 244,000 new applications.<\/p>\n\n\n\n

\u201cA week ago, there were 248,000 jobless claim applications, which was the most since early October and a sign that layoffs could be trending higher.\u201d<\/p>\n\n\n\n

Economists are sounding the alarm while Americans\u2019 confidence in the economy plummets under Trump\u2019s chaotic leadership. <\/strong><\/p>\n\n\n\n

Associated Press<\/a>: \u201cUS growth likely to slow to 1.6% this year, hobbled by Trump\u2019s trade wars, OECD says\u201d<\/p>\n\n\n\n

Associated Press<\/a>: \u201cCiting trade wars, the World Bank sharply downgrades global economic growth forecast to 2.3%\u201d<\/p>\n\n\n\n

NBC News<\/a>: \u201cConsumers brace for steeper bills and lower credit scores from Trump’s financial deregulation\u201d<\/p>\n\n\n\n

Glassdoor<\/a>: \u201cGlassdoor Employee Confidence Index: A record low in May\u201d<\/p>\n\n\n\n

Instead of changing course, Trump is doubling down on his cost-hiking agenda so his billionaire backers can get a massive tax break at working families\u2019 expense.<\/strong><\/p>\n\n\n\n

Brandon Duke on X<\/a>: \u201cNEW analysis by the Congressional Budget Office shows the “One Big Beautiful Bill”:<\/p>\n\n\n\n

\u201c1.) Makes the bottom 30% worse off <\/p>\n\n\n\n

\u201c2.) Finances tax cuts that make the top 10% in particular better off.<\/p>\n\n\n\n

\u201cThis is not shared sacrifice–it’s a fiscal transfer from the bottom to the top.\u201d<\/p>\n\n\n\n

New York Times<\/a>: \u201cElectricity Prices Are Surging. The G.O.P. Megabill Could Push Them Higher.\u201d<\/p>\n\n\n\n

Forbes<\/a>: \u201cTrouble With Big Beautiful Bill: Energy Prices, Economy, Environment\u201d<\/p>\n\n\n\n

\u201cAccording to a Princeton University energy policy report, the House-passed version of the Bill, currently under consideration in the Senate, raises three red flags: for our household energy bills, our economy, and our environment.\u201d<\/p>\n\n\n\n

Market Place<\/a>: \u201cThe federal budget will affect borrowing costs for everyone\u201d<\/p>\n\n\n\n

TribLive<\/a>: \u201cRepublican budget bill will cost thousands of clean energy jobs, millions in investment, advocates say\u201d<\/p>\n\n\n\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

In response to record-breaking jobless claims, DNC Chair Ken Martin released the following statement: \u201cJobless claims? Up. Layoffs? Up. Americans\u2019 confidence in the economy? Way down. Donald Trump\u2019s cost-hiking agenda is stagnating job growth, making life more unaffordable, and dragging America toward economic disaster. But instead of listening to the warnings of both economists and […]<\/p>\n","protected":false},"author":293,"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-1053540","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nNEW: Jobless Claims Hit Highs As Americans Brace for Trump Recession - 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\/new-jobless-claims-hit-highs-as-americans-brace-for-trump-recession\/\" \/>\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=\"2025-06-12T22:29:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-06-12T22:30:00+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=\"Shelby Reese\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shelby Reese\" \/>\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\/new-jobless-claims-hit-highs-as-americans-brace-for-trump-recession\/\",\"url\":\"https:\/\/democrats.org\/news\/new-jobless-claims-hit-highs-as-americans-brace-for-trump-recession\/\",\"name\":\"NEW: Jobless Claims Hit Highs As Americans Brace for Trump Recession - 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