The shockingly weak July jobs report sent the country reeling Friday, with Democratic lawmakers sounding the alarm that the economy is about to suffer even more under the “big, beautiful bill” that the GOP just passed.
Bloomberg’s Joe Weisenthal reported that the only two major job sectors that experienced growth in the latest economic numbers were health care and social assistance. Jobs overall saw growth of 73,000, way below the 115,000 expected. And updated numbers for June were even more brutal, with only 14,000 jobs added.
Rep. Don Beyer (D-VA) shared the post, adding, “For three months now, job growth has been carried by two sectors – health care and social assistance – both of which were targeted for massive funding cuts by Trump and Republicans in the Big Ugly Bill. Without those sectors, the U.S. economy lost jobs in the second quarter.”
“Americans are losing their jobs and employers aren’t hiring due to President Trump’s reckless economic policies and tariffs,” commented Rep. Betty McCollum (D-MN).
Tolou Capital Management founder Spencer Hakimian shared a video from a CNN report revealing, “This is the worst economic jobs report since the end of the pandemic.” The Democratic Ways and Means Committee shared the post, adding, “Trump’s economic policies are as destabilizing as a literal once-in-a-generation global pandemic.”
Sen. Lisa Blunt Rochester (D-DE) remarked, “This administration has created an economy so full of chaos and uncertainty that job creation has nearly slammed to a halt. It couldn’t be clearer: they have us headed in the wrong direction.”
Navy Federal’s chief economist Heather Long said, “This labor market is in trouble.” It was a post shared by Sen. Ron Wyden (D-OR), who wrote, “Good time to remind everyone that Republicans just dealt the biggest blow to Medicaid in history that will result in a massive loss of health care jobs across the country.”
Sen. Jeanne Shaheen (D-NH) shared the report, noting, “Here’s the story of Trump’s economy as his tariffs begin to take effect: costs and inflation are up, job opportunities are down. President Trump promised to lower prices, but thanks to his policies it’s becoming even more difficult for Americans to get by.”
Rep. Marcy Kaptur (D-OH) wrote, “This jobs report is deeply concerning. I fear what President Trump is doing to discourage business investment, abandon manufacturers, and raise costs will hit our region hardest. Everyday Americans suffer under tariff tax increases on goods they buy while the ultra wealthy get massive tax breaks.”
Rep. Sean Casten (D-IL) remarked, “This is really bad. The job slow down obviously, but the size of the revisions is maybe more ominous in light of all the DOGE cuts to BLS and other economic reporting agencies. If this volatility is the new normal we are stapling a huge risk premium on the US economy.”
“And if that’s in fact what’s happening, you send a message to the world that you should probably hold off on making that decision to invest in USD or any other part of the US economy until you’ve got a longer time horizon. Taking liquidity out of the US economy is a massively stupid idea,” Casten continued. “And yet – like Trump’s tariff policies – it is what happens when you put stupid people in charge of US economic policy. They cannot be fired soon enough.”
He later added that the bad jobs report comes with Trump at the helm. “The guy who bankrupted a casino is bad at business,” he said.