Donald Trump's promise that it will give Americans an expansion economy risks being violated due to the labor market in stagnation: the figures published on Friday by the Labor Statistics Office show how the job creation has almost stopped, shaking that Trump's economy will remain unaffected.

Donald Trump's promise that he will give Americans an expansion economy is undermined by a stagnation market, a warning signal for his party's prospects in next year's parliamentary elections, writes FT. Until recently, the US president could argue that his controversial political measures-from extended customs rates to an aggressive repression of immigration-contradicted criticisms by resilient jobs and a relatively stable inflation. But the figures published on Friday by the Labor Statistics Office showed that the job creation almost stopped – American employers generated only 22,000 jobs in August, after a weak summer – shaking that Trump's economy will remain unaffected. Omair Sharif, an inflation analyst, said: «The uncertainty on commercial policy – and the uncertainty of policies in general – determines a withdrawal from the employment process and it is not clear that this will be resolved too soon.» Friday's data provided the democrats fresh ammunition to support their statements that Trump's economic policies are doing more harm than good. Maggie Hassan, senator from New Hampshire and high -ranking Democrat in the mixed Economic Committee, told the Financial Times: «The costs continue to increase. US production is in contraction. Companies do not know if to invest or hire because there is so much uncertainty in the economy.» «This is a direct consequence of the insane tariffs of the President and the uncertainty he created.» Ron Wyden, Oregon Democrats senator, was very harsh, saying that Trump should dismiss Scott Bessent, US Treasury Secretary, and Howard Lutnick, «before they take an economy into a recession.»
«None of these eccentrics has what he does,» he added. Trump reacted to the signs of slowing down the labor market last month by dismissing the BLS Commissioner and by intensifying the pressures on the federal reserve to reduce the interest rates at the next monetary policy meeting this month. However, he continued to insist that the economy remains in an excellent form. Speaking of the economy in the Oval Office on Friday, Trump complained that interest rates are «too high» and said that the «corrections» of economic data are common. «So many elements are not yet included,» he said. Kevin Hassett, director of the National Economic Council, said earlier on the same day journalists that job data represent an «anomaly» and a «small disappointment» that does not reflect the more solid trends of production and investments. He said that the figures are expected to be reviewed upwards. «The economy is solid and inflation is low,» he added. «We have a boom of capital expenses.»
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