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jobs report
'Dismal' Employment Report Shows Trump Economy Lost 92,000 Jobs in February
“Month after month, the data shows Donald Trump’s economy is failing American families.”
Mar 06, 2026
President Donald Trump's self-proclaimed "greatest" economy in history took another major blow on Friday as the US Bureau of Labor Statistics revealed that the American economy lost 92,000 jobs in February.
Heather Long, chief economist at Navy Federal Credit Union, described the report as "dismal," while noting that the US economy as a whole has actually lost jobs since Trump announced his "liberation day" global tariffs in April 2025.
"Total job gains since from May 2025 to February 2026 are now -19,000," she wrote. "Companies are not hiring in the face of all of these headwinds and uncertainty. And even healthcare is starting to slow down."
University of Michigan economist Justin Wolfers argued that "the economic story just changed dramatically" because of the jobs report, which also showed downward revisions to the estimated jobs created in December and January.
"Recession questions are back on the menu," he said.
Mike Konczal, senior director of policy and research at the Economic Security Project, zeroed in on the surprise loss of healthcare jobs in February as particularly concerning given that healthcare has been the lone industry to consistently add jobs in recent months.
"This is the first month in years where healthcare jobs went negative, really changing the dynamic," he said. "Cuts to Medicaid, cuts to ACA... suddenly the thing that was 187% of private jobs since liberation day, holding it together, may be giving out?"
Rep. Brendan Boyle (D-Pa.), ranking member of the House Budget Committee, said that the terrible jobs report was a direct reflection of Trump's economic mismanagement.
"Month after month, the data shows Donald Trump’s economy is failing American families," Boyle said. "The job market is weakening, costs remain high, and Trump’s illegal tariff taxes continue to hurt businesses and workers. Trump and his allies in Congress know their agenda isn’t working. Instead of helping working families, they are pushing more tariff taxes and more tax breaks for billionaires. It is clear Republicans in Washington simply do not care about working families."
Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, declared that "the deterioration in the labor market is visible from space," and pinned the blame on "Trump’s reckless economic agenda."
"As the president piles on blanket tariffs and oil prices soar," Jacquez said, "today's report confirms he's sent the economy straight into a stagflation spiral."
University of Pennsylvania economist Heather Boushey said weakness in the US economy had been evident for several months, although Friday's jobs report showed the largest job losses of any month during Trump's second term.
"Today's data should not come as a shock as there have been signs of weakening in the US labor market for quite some time," she said. "The Trump administration’s focus on undermining the US economy rather than investing in America may be coming home to roost."
Daniel Hornung, policy fellow at the Stanford Institute for Economic Policy Research, said that the bad jobs report will make things even harder for the US Federal Reserve when it comes to making interest rate cut decisions.
"This morning’s report... comes at a difficult moment, with inflation still above target and an oil price shock threatening to raise inflation further," Hornung said. "The report complicates the Fed’s efforts to keep both unemployment and inflation low, and it makes it difficult for the [Trump] administration to argue heading into the midterms that their policies are leading to the kind of growth or improvement in living standards that they’ve long promised."
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Weak US Jobs Report Shows 'Bleak Economic Reality' for Workers Under Trump
There has been "almost no hiring since April," observed one economist.
Jan 09, 2026
The US labor market appears to be running on fumes under President Donald Trump, as the latest jobs report revealed that the American economy added just 50,000 jobs in December, below economists' consensus estimate of 55,000 jobs.
The report, released on Friday by the Bureau of Labor Statistics (BLS), also found that the US economy as a whole created just 584,000 jobs in 2025, which is less than a third of the 2 million jobs created in 2024 during the last year of former President Joe Biden's term.
The 2025 figure also marked the lowest number of annual jobs created since 2020, when the economy was shut down due to the Covid-19 pandemic.
Fox Business anchor Cheryl Casone couldn't put a happy spin on the jobs report after its release, as she noted that the gains of just 37,000 private-sector jobs on the month were "much weaker than expected."
"Private sector payrolls coming in much weaker than expected" -- Maria Bartiromo and company cope with an underwhelming December jobs report (wait for Stephen Moore's bonkers commentary at the end) pic.twitter.com/C5D8qu5h8f
— Aaron Rupar (@atrupar) January 9, 2026
Digging further into the report, Bloomberg economic analyst Joe Weisenthal observed on X that manufacturing employment has been hit particularly hard in recent months, despite Trump's vow that his tariffs would lead to a manufacturing revival in the US.
"It's not just that total manufacturing employment is shrinking," he explained. "The number of manufacturing sub-sectors that are adding jobs is rapidly shrinking. Of the 72 different types of manufacturing tracked by the BLS, just 38.2% are still adding jobs. A year ago it was 47.2%."
Heather Long, chief economist at Navy Federal Credit Union, noted that the weakness in the labor market extends beyond the manufacturing sector, as there has been "almost no hiring outside of healthcare and hospitality" since the start of Trump's second term.
Richardson also observed that "there was almost no hiring since April" of last year, when Trump announced his "Liberation Day" tariffs that sent shockwaves through the global economy.
Economist Dean Baker, co-founder of the Center for Economic and Policy Research, zeroed in on downward revisions in prior jobs reports, reinforcing that the current labor market is anemic.
"With the revisions, the average for the last three months was a fall of 22,000 [jobs]," Baker explained. "The healthcare and social assistance sector added an average of 49,000 jobs over this period, which means that outside of healthcare the economy lost an average of 71,000 jobs in the last three months."
Alex Jacquez, chief economist at Groundwork Collaborative, said the jobs report reflected a "lifeless economy," and he pinned the blame on Trump and his trade policies as a top reason.
"Working families face sluggish wage growth, fewer job opportunities, and never-ending price hikes on groceries, household essentials, and utilities," said Jacquez. "Despite the president's endless attempts to deflect and distract from the bleak economic reality, workers and job seekers know their budgets feel tighter than ever thanks to Trump’s disastrous economic mismanagement."
Economist Elise Gould of the Economic Policy Institute took a look at the jobs numbers and concluded the US labor market now is far weaker than the one Biden left Trump nearly one year ago.
"The slowdown in job growth this year is stark compared to 2024," Gould wrote on Bluesky. "The average monthly gain was only 49,000 in 2025 compared to 168,000 in 2024. Over the last three months, average job growth was actually negative, meaning there are fewer jobs now than in September."
Correction: An earlier version of this story misidentified the Navy Federal Credit Union's chief economist. That error has been corrected.
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Don’t Put a Social Security Hater in Charge of Our Economic Data
With the nomination of EJ Antoni to lead the Bureau of Labor Statistics, there is reason to be fearful of the Trump administration massaging or outright falsifying key economic statistics that help determine crucial benefits.
Aug 13, 2025
On Monday, U.S. President Donald Trump nominated EJ Antoni, the chief economist at the Heritage Foundation, to lead the Bureau of Labor Statistics, or BLS. The nomination came 10 days after Trump fired Erika McEntarfer, baselessly accusing her of having “rigged” the July jobs report, which showed a slowing labor market and contained large downward revisions to payroll employment for the previous two months. Antoni, in line with Trump’s false assertions of fraud, has proposed halting the monthly jobs report entirely.
Antoni is not the sort of figure you want at the helm of a statistical agency. He has a long history of egregiously misrepresenting BLS data or, perhaps worse, misunderstanding it in extremely basic ways. He has called Social Security a “Ponzi scheme” and said that we “need to sunset the program.” His nomination has been panned by figures across the political spectrum. Stan Veuger of the conservative American Enterprise Institute, for instance, minced no words in his statement to The Washington Post: “He’s utterly unqualified and as partisan as it gets.”
The partisan transformation of BLS holds untold dangers, given that BLS data is baked into our economic policy. Policymakers look at the rates of unemployment and inflation when setting policy, of course, but by law, several BLS data series also provide for the automatic adjustment of social insurance programs and welfare benefits. Juking the stats could harm the massive number of people that make use of these programs.
How Inflation Data Affects Your Income
The most obvious way that BLS data affects our safety net is through the cost-of-living adjustment (COLA) afforded to retirees on Social Security—an annual benefit boost meant to keep up with inflation. The COLA is calculated using BLS’ Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), and in addition to retirees, people on Social Security Disability Insurance, Supplemental Security Income, and Veterans Disability Compensation receive COLAs. For many of the people on these programs, the benefits make up a significant chunk of their income. Roughly 40% of Social Security recipients receive more than 50% of their income from the program, for instance.
CPI data affects a number of other benefit programs as well. The Department of Agriculture uses CPI data to determine the cost of the Thrifty Food Plan, which is in turn used to calculate benefit allotments for the Supplemental Nutrition Assistance Program (SNAP), also known as food stamps. The Department of Housing and Urban Development uses CPI data in the calculation of Fair Market Rents, a metric which determines the benefit amount for housing vouchers, among other applications. Eligibility for SNAP, Medicaid, and (in most states) Temporary Assistance for Needy Families is tied to the federal poverty level, which the Department of Health and Human Services updates annually using CPI data.
If Antoni is able to make inflation look artificially low to benefit Trump politically, anyone who receives any kind of inflation-adjusted income should feel cheated.
In all, according to the Bureau, “The CPI affects the income of more than 108 million people because of statutory action.” In other words, one-third of Americans have a source of income whose relationship to BLS data is written in the law. Virtually all of us will at some point in our lives receive benefits for which this is the case—assuming that Antoni is unsuccessful in sunsetting Social Security. The relationship between the CPI and your income also extends beyond public benefits: It is widely used in employment contracts, for example, for workers’ annual cost-of-living raises (especially in unionized workplaces).
Manipulating the stats is easier said than done, but if Antoni is able to make inflation look artificially low to benefit Trump politically, anyone who receives any kind of inflation-adjusted income should feel cheated.
How Jobs Data Affects Your Ability to Access Unemployment Insurance
In several states, the duration of state-level unemployment insurance benefits varies according to the state’s unemployment rate (recall that Trump fired Commissioner McEntarfer over the jobs numbers). In Florida and Georgia, residents are currently capped at 12 weeks of unemployment insurance based on their low unemployment rates (the standard in other states is 26 weeks). In April, Massachusetts extended the maximum duration of unemployment insurance from 26 weeks to 30 weeks based on its statutory trigger: that one of its metro areas had an unemployment rate greater than 5.1%. To make that determination, it used BLS’ Local Area Unemployment Statistics program.
At the federal level, we also have an extended benefits program, which provides 13 additional weeks of unemployment insurance to workers in states dealing with high unemployment. States are required to use an “insured unemployment rate” trigger, which turns “on” when a large portion of workers within the state are receiving unemployment insurance—calculated by states using the BLS’ Quarterly Census of Earnings and Wages. States can also adopt various optional triggers, all of which use BLS data in some way.
(BLS data serves as an input into much more than I am able to specify here. If you want to learn more, I recommend checking out the BLS’ Handbook of Methods. Pick a subject area, then a survey, then navigate to the “presentation” tab, where BLS often cites examples of how the data you have selected tends to be used—by researchers, agencies, the private sector, and more.)
EJ Antoni Doesn’t Care About Your Income; He Cares About Keeping Trump Happy
With the nomination of EJ Antoni to lead BLS, there is reason to be fearful of the Trump administration massaging or outright falsifying key economic statistics. Antoni cannot be trusted to run the BLS as an independent, nonpartisan body, and we should watch the data accordingly. If Antoni can rig things to make the economy look better for Trump, bad data will feed into a system that takes these estimates at face value. Inflation is low, says Trump, so your COLA is low. Unemployment is low, says Trump, so you can’t remain on unemployment insurance.
Antoni certainly doesn’t seem to care if you lose out on some of the benefits you are duly owed. In a 2018 article co-written with Stephen Moore, Antoni said that “the cost of welfare” is “disgusting” and advocated for the government to “moderately and slowly cut benefits so that, over time, some programs can be eliminated.” (They declined to say which programs.)
Much of the law governing our safety net depends on assumptions that Trump has brought into question: that our economic data is sound, and that the civil servants producing it are impartial, rigorous, and dedicated to the data itself.
The BLS is also already struggling in ways that Antoni is likely to make worse. Trump’s hiring freeze has impeded the agency’s data collection efforts, as BLS and the Census Bureau, which collects the data for many of BLS’ surveys, have both lost many staffers. As a result, BLS has reduced data collection for the CPI substantially in recent months, and it has discontinued some 350 indexes in the Producer Price Index. This decline in data quality poses its own threat to our economic data, apart from Trump’s desire to see good numbers.
Antoni, for his part, has praised the Department of Government Efficiency’s mass firings of civil servants and in November advocated for DOGE to “take a chainsaw to the BLS.” Those comments suggest he’ll be disinclined to address—or even acknowledge—the understaffing problem.
Much of the law governing our safety net depends on assumptions that Trump has brought into question: that our economic data is sound, and that the civil servants producing it are impartial, rigorous, and dedicated to the data itself. If EJ Antoni is confirmed as BLS Commissioner, we will all have one more reason to fear for our economic security.
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