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CBO Warns of Rising Unemployment and Inflation by 2025

9/13/2025

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Summary

Story summary

The Congressional Budget Office (CBO) forecasts increased unemployment, inflation, and reduced GDP growth for 2025 linked to President Trump's policies.
Unemployment is projected to peak at 4.5%, up from 4.3%.
Inflation is expected to rise to 3.1%, nearly one percentage point higher than previous estimates.
GDP growth is downgraded to 1.4%, down from 1.9%.
Job growth has slowed, averaging only 29,000 jobs added monthly.

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Story summary

The Congressional Budget Office (CBO) forecasts increased unemployment, inflation, and reduced GDP growth for 2025 linked to President Trump's policies.
Unemployment is projected to peak at 4.5%, up from 4.3%.
Inflation is expected to rise to 3.1%, nearly one percentage point higher than previous estimates.
GDP growth is downgraded to 1.4%, down from 1.9%.
Job growth has slowed, averaging only 29,000 jobs added monthly.