{"id":1053127,"date":"2025-06-06T11:36:10","date_gmt":"2025-06-06T15:36:10","guid":{"rendered":"https:\/\/democrats.org\/?p=1053127"},"modified":"2025-06-06T11:36:10","modified_gmt":"2025-06-06T15:36:10","slug":"shot-chaser-while-trump-claims-the-economy-is-booming-americans-brace-for-job-losses-and-economic-downturn","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/shot-chaser-while-trump-claims-the-economy-is-booming-americans-brace-for-job-losses-and-economic-downturn\/","title":{"rendered":"SHOT\/CHASER: While Trump Claims The Economy is \u201cBooming\u201d\u2026 Americans Brace For Job Losses and Economic Downturn"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

SHOT: Donald Trump delusionally claims the economy is \u201cBOOMING\u201d after promising to restore manufacturing and bring back jobs\u2026 <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cBecause of Tariffs, our Economy is BOOMING!\u201d <\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cWhen you hear 50,000 manufacturing jobs lost in just a short period of time. But I\u2019ve been the most consistent because we\u2019re going to bring our manufacturing back to the United States. It\u2019s all coming back, so get ready. Get ready. You\u2019re going to have your choice of great jobs.\u201d<\/strong><\/p>\n\n\n\n

Trump<\/a>: \u201cWe will bring back our manufacturing jobs,<\/strong> our energy jobs, our coal jobs, our steel jobs, and we\u2019re going to bring back our dreams starting in January.\u201d <\/p>\n\n\n\n

Trump<\/a>: \u201cI will turn the United States into a manufacturing superpower<\/strong> more than it has ever been.\u201d<\/p>\n\n\n\n

CHASER: \u2026 but Americans are losing their jobs, cutting back on spending, and facing higher prices because of Trump\u2019s unaffordable agenda.  <\/strong><\/p>\n\n\n\n

Fox News<\/a>: \u201cJob growth continued to slow in May amid economic uncertainty\u201d<\/strong> <\/p>\n\n\n\n

\u201cThe U.S. economy added jobs in May at a slower pace than in the past two months as uncertainty over the direction of trade, tax and monetary policy caused employers to pull back on hiring. \u2026 <\/strong><\/p>\n\n\n\n

\u201cJob gains in the past two months were both revised, with job creation in March revised down by 65,000 from a gain of 185,000 to 120,000; and April job gains downwardly revised by 30,000 from a gain of 177,000 to 147,000. Taken together, employment in March and April was 95,000 lower than previously reported.\u201d <\/strong><\/p>\n\n\n\n

Joe Weisenthal, Bloomberg<\/a>: \u201cManufacturing jobs shrink by 8K\u201d<\/strong>  <\/p>\n\n\n\n

Challenger, Gray & Christmas<\/a>: \u201cMay 2025 Job Cuts Up 47% Over Same Month Last Year<\/strong>; Cuts Spread to Other Sectors Than Gov\u2019t for Other Reasons Than DOGE\u201d <\/p>\n\n\n\n

\u201cThrough May, employers have announced 696,309 job cuts,<\/strong> an increase of 80% <\/strong>from the 385,859 announced in the first five months of last year. It is 65,049 cuts away from matching the entire year\u2019s total for 2024.\u201d<\/p>\n\n\n\n

Associated Press<\/a>: \u201cThe number of Americans filing for jobless benefits last week rises to highest level in eight months\u201d<\/strong> <\/p>\n\n\n\n

New York Times<\/a>: \u201cProcter & Gamble to Cut 7,000 Jobs<\/strong> Amid Tariff Uncertainty\u201d <\/p>\n\n\n\n

CNBC<\/a>: \u201cPrivate sector hiring rose by just 37,000 in May, the lowest in more than two years, ADP says\u201d<\/p>\n\n\n\n

NBC News<\/a>: \u201cSome Americans are shifting their summer plans to avoid tariff price hikes\u201d<\/strong> <\/p>\n\n\n\n

Bloomberg<\/a>: \u201cCarmakers Use Stealth Price Hikes to Cope With Trump\u2019s Tariffs\u201d<\/strong> <\/p>\n\n\n\n

\u201cThe average sale price for a new car jumped 2.5% in April<\/strong>, the steepest monthly increase in five years, according to the Kelley Blue Book car buying guide.\u201d <\/p>\n\n\n\n

NBC News<\/a>: \u201cCanned soup summer: Bargain hunters are ditching snacks for pantry staples\u201d<\/strong> <\/p>\n\n\n\n

New York Times<\/a>: \u201cUncertainty about the economy has skyrocketed <\/strong>as President Trump has begun to radically reshape the global trading system with tariffs, cut off a crucial supply of workers with an immigration crackdown and floated big changes to the rules and regulations that govern how businesses operate. Consumers, who fuel the American economy, have become more hesitant to spend, and according to recent surveys, both the services and manufacturing sectors are slowing.\u201d<\/strong> <\/p>\n\n\n\n

Bloomberg<\/a>: \u201cUS business optimism has moved sharply lower \u2026<\/strong><\/p>\n\n\n\n

\u201cLess than a third, or 27%, of executives polled in May <\/strong>by the Association of International Certified Professional Accountants said they were confident about the economic outlook for the 12 months ahead, down from 47% <\/strong>of respondents in the first quarter and 67% in a survey conducted in the fourth quarter, just after the US vote.\u201d  <\/p>\n\n\n\n

Bloomberg<\/a>: \u201cBusinesses Hiked Prices Quickly After Tariffs<\/strong>, NY Fed Study Says\u201d <\/p>\n\n\n\n

New York Times<\/a>: \u201cNearly a quarter of consumers using buy now, pay later loans finance groceries<\/strong>, up from 14 percent a year ago, according to a recent LendingTree survey. And it\u2019s not just groceries; more Americans are using these loans to pay for recurring monthly bills, such as electricity, heat, internet and streaming services like Hulu. \u2026 <\/strong><\/p>\n\n\n\n

\u201cWhile some borrowers say the loans are a useful way to manage cash flow, others say the increased use of buy now, pay later plans for day-to-day essentials is a troubling sign that more consumers are financially stressed.\u201d<\/strong> <\/p>\n\n\n\n

Navigator<\/a>: \u201cA majority of Americans (56 percent), including 61 percent of independents, disapprove of President Trump\u2019s handling of the economy.<\/strong> Majorities describe the economy as \u2018volatile\u2019 (67 percent) and \u2018uncertain\u2019 (67 percent) rather than \u2018stable\u2019 (28 percent).\u201d <\/p>\n\n\n\n

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

SHOT: Donald Trump delusionally claims the economy is \u201cBOOMING\u201d after promising to restore manufacturing and bring back jobs\u2026  Trump: \u201cBecause of Tariffs, our Economy is BOOMING!\u201d  Trump: \u201cWhen you hear 50,000 manufacturing jobs lost in just a short period of time. But I\u2019ve been the most consistent because we\u2019re going to bring our manufacturing back […]<\/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-1053127","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nSHOT\/CHASER: While Trump Claims The Economy is \u201cBooming\u201d\u2026 Americans Brace For Job Losses and Economic Downturn - 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\/shot-chaser-while-trump-claims-the-economy-is-booming-americans-brace-for-job-losses-and-economic-downturn\/\" \/>\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=\"2025-06-06T15:36:10+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=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/shot-chaser-while-trump-claims-the-economy-is-booming-americans-brace-for-job-losses-and-economic-downturn\/\",\"url\":\"https:\/\/democrats.org\/news\/shot-chaser-while-trump-claims-the-economy-is-booming-americans-brace-for-job-losses-and-economic-downturn\/\",\"name\":\"SHOT\/CHASER: While Trump Claims The Economy is \u201cBooming\u201d\u2026 Americans Brace For Job Losses and Economic Downturn - 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