Story perspectives
Trump's Policies Fuel Job Decline Amid Rising Unemployment Concerns
8/27/2025
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Knightley Critiques Trump
- James Knightley, chief economist at ING, reports that Trump's policies have worsened the declining labor market, with job growth averaging 35,000 monthly from May to July 2025.
- Public concern over rising unemployment has increased, with 49% of Americans anticipating job losses, the highest since the financial crisis.
- Recent job growth is primarily in health, education, and government sectors, while technology and manufacturing lag.
- Government cuts have negatively impacted federal jobs and threaten Medicaid, affecting healthcare and leisure industries.
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