Trump Melts Down After Dismal Jobs Report Exposes Economic Failures

Donald Trump erupted in frustration at Federal Reserve Chair Jerome Powell after the latest report showed the U.S. economy added just 37,000 jobs in May — the smallest increase in over two years.

The situation looks even more troubling.

On Truth Social, Trump demanded immediate action: “ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE. He is unbelievable!!! Europe has lowered NINE TIMES!”

In recent months, Trump has repeatedly criticized Powell, pushing him to cut interest rates in a bid to counteract the fallout from Trump’s own damaging economic policies. But Powell has held firm, resisting political pressure.

This angry outburst came just six hours after Trump had boasted in a late-night post, “THE UNITED STATES HAD THE BEST MAY IN 30 YEARS. MAKE AMERICA GREAT AGAIN!!” Clearly, that claim was premature.

The ADP report, from a payroll processing company, showed May’s job gains far below April’s revised 60,000 and the Dow Jones forecast of 110,000. It marked the lowest tally since March 2023.

“After a strong start to the year, hiring is losing momentum,” noted ADP’s chief economist Nela Richardson.

The official government jobs report from the Bureau of Labor Statistics will be released in two days, with expectations of a 125,000 gain. If that number disappoints, Trump will face sharp criticism for wrecking the economy.

“The market remains distressingly gridlocked, with limited hiring and low quits, and the market can’t keep steadily cooling off forever before it just turns cold,” said economist Allison Shrivastava from Indeed.

According to ADP’s breakdown, goods-producing sectors lost 2,000 jobs in May. Natural resources and mining dropped by 5,000, manufacturing fell by 3,000, but construction added 6,000 jobs, softening the overall loss.

These figures directly contradict Trump’s claims that his harmful tariffs would spark a revival in American manufacturing. Instead, those tariffs have shrunk the economy and forced companies to lay off workers to offset lost profits.

As many critics predicted, small businesses suffered the most: firms with fewer than 50 employees shed 13,000 jobs. Large companies with 500 or more workers also cut 3,000 jobs, while mid-sized businesses managed a modest gain of 49,000.

Federal Reserve Chair Powell must stand firm and reject Trump’s demands. This president’s policies have consistently caused damage. If Trump gains influence over the Fed’s decisions, we risk descending into an economic crisis from which recovery could be impossible.