In response to ADP’s May jobs report, DNC Chair Ken Martin released the following statement: 

“Donald Trump claims we ‘had the best May’ thanks to him, but what does he have to show for it? An unaffordable economic agenda that’s costing hardworking Americans their jobs and slowing hiring. Trump is dragging our economy into a ditch — and it’s everyday Americans and small businesses that are paying the price.” 

NEW: Donald Trump’s failing economic agenda is costing hardworking Americans their jobs while slowing hiring to its “lowest … number in years.”  

ADP National Employment Report: “The pace of hiring in May reached its lowest level since March 2023. … 

“‘After a strong start to the year, hiring is losing momentum,’ said Dr. Nela Richardson, chief economist, ADP. … 

“Change by Industry Sector … Natural resources/mining -5,000 … Manufacturing -3,000 … Trade/transportation/utilities -4,000 … Professional/business services -17,000 … Education/health services -13,000 … 

“Change by Establishment Size … Small establishments: -13,000 … 

“The April total number of jobs added was revised [down] from 62,000 to 60,000.”  

CNBC: “ADP reported its lowest private-sector jobs number in years. …

“ADP’s report showed private payrolls ticked up by just 37,000 in May, far below the Dow Jones forecast for 110,000.” 

REMINDER: For three straight months, Trump’s economic agenda has been a disaster for working families, shrinking manufacturing and decimating small businesses as prices continue to climb.  

Institute For Supply Management: “Economic activity in the manufacturing sector contracted in May for the third consecutive month … 

“The Prices Index remained in expansion (or ‘increasing’) territory … 

“[F]actory output continued to contract in May, indicating that panelists’ companies are still revising production plans downward amid economic uncertainty. The Employment Index ticked up for a second consecutive month but remained in contraction, as head-count reductions continued.” 

Reuters: “U.S. manufacturing contracted for a third straight month in May and suppliers took longer to deliver inputs amid tariffs, potentially signaling looming shortages of some goods.”

S&P Global Chief Business Economist Chris Williamson: “These concerns were not without basis: supplier delays have risen to the highest since October 2022, and incidences of price hikes are at their highest since November 2022, blamed in most cases on tariffs. Smaller firms, and those in consumer facing markets, appear worst hit so far by the impact of tariffs on supply and prices.”

CNBC: “Here are the retailers raising prices as Trump tariffs take hold” 

Associated Press: “John David Rainey, [Walmart’s] chief financial officer, emphasized that prices are going up on many necessities. The price of bananas, imported from Costa Rica, went up to 54 cents per pound from 50 cents per pound, for example. And he thinks that China-made car seats, which currently sell for $350 at Walmart, will likely go up another $100.” 

USA Today: “Ford Motor Co. is hiking prices … becoming one of the first major automakers to adjust sticker prices in response to President Donald Trump’s tariffs.”

Reuters: “Exclusive: Subaru of America increases vehicle prices, citing market conditions” 

Axios: “More than 70% of U.S. small and mid-sized businesses say tariffs have already increased their operating costs … 

“72% of U.S. companies said tariffs have already increased their costs, and 77% expect those costs to rise further by the end of the year.” 

Bloomberg: “Fed staff marked down their expectations for economic growth in 2025 and 2026, reflecting the announced trade policies, the minutes showed.

“‘The staff viewed the possibility that the economy would enter a recession to be almost as likely as the baseline forecast,’ the minutes said.

“The staff forecasted the labor market to weaken ‘substantially,’ with the unemployment rate rising above its so-called natural rate this year and remaining elevated through 2027. Tariffs were seen boosting inflation ‘markedly’ this year.” 

Americans have lost confidence in Trump and are overwhelmingly rejecting his failed economic agenda. 

• Only 39% of Americans say the economy is on the right track, and just 36% approve of Trump’s handling of the economy 
• 68% of Americans — including 48% of Republicans — say that costs are going up, while 63% expect Trump to make inflation worse over the next year
• 76% of Americans say their income is not keeping up with inflation
• Nearly half of Americans say they are avoiding going to restaurants, movies, and other recreational activities — while cutting back on necessities like groceries 
• Trump’s approval rating on inflation remains deeply underwater at -17.1%
• Only 33% approve of Trump’s handling of the cost of living