New Jobs Data Further Undermines Trump Fiction of Thriving Economy

New Jobs Data Further Undermines Trump Fiction of Thriving Economy

“The booming job market exists only in Donald Trump’s demented head,” said economist Dean Baker. Economists on Wednesday expressed significant concerns after new data from global payroll processing firm ADP estimated that the US economy lost 32,000 jobs last month. As reported by CNBC, small businesses bore the brunt of the job losses, as firms with fewer than […]

‘Mega-Layoffs’ Under Trump as Corporations Have Cut 1 Million Jobs This Year—Most Since 2003

‘Mega-Layoffs’ Under Trump as Corporations Have Cut 1 Million Jobs This Year—Most Since 2003

“Trump put billionaires in charge of everything,” said progressive Congressman Greg Casar. “It’s a disaster.” The US labor market, which in recent months had ground nearly to a halt, now appears to be entering a downward spiral. As reported by the Washington Post on Thursday, new data from corporate outplacement firm Challenger, Gray & Christmas found that employers in October announced 153,000 job […]

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