Thread by @rshereme

The U.S. economy is in real trouble — just look at the latest jobs report.

With 300+ million people, the U.S. historically added about 150,000 jobs a month, roughly in line with population growth.

1/n

2/ Then came the pandemic crash of spring 2020: 1.4 million jobs lost in March, 20 million in April.

3/ The rebound followed: millions of jobs added monthly in summer–fall 2020. In 2021 growth slowed, but in 2022 job creation surged to 400,000–900,000 a month — two to four times the historical norm.

4/ By 2023, things leveled at 200–250k a month. In 2024, sometimes closer to 100k, still solid. Toward the end of Biden’s term, the pace accelerated again — some months above 300k.

5/ Then, January 5: a new president. Winter–spring: job growth cooled to 100–120k.

6/ Then came tariffs and deportations from farms and construction sites. May saw just 19k new jobs — the weakest in decades outside the pandemic. June: –13k — catastrophic. July: 79k — historically low again.

7/ The response? Fire the head of the Bureau of Labor Statistics. Blame the “bad numbers.” Appoint your own guy.

Didn’t help. The new chief reported only +22k in August — and revised June and July down even further.

8/ The biggest losses? Manufacturing. Exactly where tariffs were supposed to “bring jobs back.”

9/ The excuse? “We’re building a record number of factories. Imports are banned. Everything will be made in the U.S. Just wait.” Yet construction is also down. Where are all those workers?

10/ The truth is simple: the economy runs on stability. Tariffs, new laws, even new ministries — business can adapt.

What kills growth is chaos. One thing in the morning, another by noon, something else by evening, and tomorrow — no one knows.

11/ Wild swings — cuts one day, threats to allies the next, hugs with enemies after — leave businesses unable to plan or invest.

Trump’s policies are killing the U.S. economy.

Source: adapted from Vasyl Taras