Reed: Another Dismal Jobs Report Reinforces That Trump’s Economic Policies Aren’t Working

WASHINGTON, DC -- The U.S. economy lost 32,000 private-sector jobs in September according to the latest ADP jobs report, a stark contrast to the expected gain of around 50,000-plus jobs that analysts were expecting. Additionally, the August ADP jobs number was revised down sharply, and now shows negative 3,000 compared to the initial report of positive 54,000.

The weak private sector jobs number comes as President Trump may conduct yet another a mass-firing of federal employees under the cover of a government shutdown and as the Bureau of Labor Statistics (BLS) postpones releasing economic data that was set to go out Friday.

Today, U.S. Senator Jack Reed stated:

"It's time for President Trump to drop his tariffs. His weak and reckless policies are killing job growth, increasing prices, and taking a bigger bite out of people's pay checks. Instead of cutting families' health care coverage, canceling infrastructure projects, and firing tens of thousands more federal employees, he should focus on strengthening America's economy, support smart policies that help create jobs, and end his failed tariff tax war.

BLS was scheduled to release its jobs report on Friday. However, due to the federal shutdown, BLS is expected to delay its release.

"President Trump forced this government shutdown because he wants to cut health care, and I think he is happy to delay another poor jobs report. Instead of shutting the government down and increasing costs on consumers, President Trump should work with Democrats on bipartisan solutions to protect people's health care and get our economy growing again. Trump's policies are hurting American workers and businesses alike. Prices are rising, jobs growth has stalled, uncertainty is everywhere, and Trump is pushing America toward stagflation," said Reed.

The last time the U.S. experienced prolonged stagflation was in the 1970s, when elevated oil prices and Presidential pressure on the Federal Reserve to artificially inflate the economy caused inflation to rise, while unemployment rose as consumers cut back on spending.

In September, BLS reported that U.S. businesses added just 22,000 jobs in August, the fourth disappointing monthly report in a row. Previous job numbers were revised down to show that the U.S. actually lost 13,000 jobs in June - the first time that had happened since December 2020, when President Trump was in his first term.

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