Major companies, such as GM, Target, and UPS, have announced tens of thousands of layoffs in the latest sign of disaster for Donald Trump’s job market. Under Trump’s watch, job growth has slowed to its lowest level in years, and there are more unemployed workers than job openings. Because of his reckless trade war, U.S. companies have already cut nearly 1 million jobs, and two-thirds of businesses have raised prices. 

As layoffs surge and jobs disappear, inflation is on the rise, with prices climbing on everything from rent to groceries. It’s no wonder 61% of Americans think the country is on the wrong track, while 57% say the economy is getting worse. 

In response, DNC Rapid Response Director Kendall Witmer released the following statement: 

“Things couldn’t look more bleak for everyday Americans who are just trying to get by. Headline after headline proves what Americans are already feeling: Donald Trump’s job market is a disaster. As prices continue to climb and jobs disappear, working families are being forced to dip into their savings or go into debt to make ends meet. To make matters worse, Trump and Republicans’ refusal to extend the enhanced ACA tax credits or pay for SNAP funding is putting health care and food assistance on the chopping block for millions of Americans. With Trump’s economy already cratering, these mass layoffs are a daunting reality for everyday Americans.”

In the News: Layoffs Are Skyrocketing Under Trump’s Watch

CNBC: GM lays off more than 1,700 at sites in Michigan, Ohio, citing EV challenges

Associated Press: UPS cuts 48,000 jobs in the year to date as its turnaround continues 

CNBC: Target cuts 1,800 corporate jobs in its first major layoffs in a decade

CNN: Amazon to cut as many as 30,000 corporate jobs, reports say

Reuters: Paramount to cut 1,000 jobs in first round of layoffs, source says 

Associated Press: Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently 

The Wall Street Journal: Tens of Thousands of White-Collar Jobs Are Disappearing as AI Starts to Bite

Newsweek: Mass layoffs: Full list of companies cutting thousands of jobs 

Reuters: US companies step up job cuts amid uncertain economy