In response to ADP’s February jobs report, DNC Rapid Response Director Alex Floyd released the following statement: 

“Donald Trump inherited one of the strongest labor markets in US history, but his reckless and unaffordable economic agenda is already costing Americans their jobs and making small businesses suffer. Instead of trying to help hardworking families, Trump’s only answer is to double down on his price-raising national tax agenda, joke about the pain Americans are feeling, and refuse to take any responsibility.”

NEW: During Trump’s first full month in office, private businesses added the least number of jobs since July, as small businesses lost employees, pay gains failed to grow, and critical industries suffered declines across the board. 

ADP National Employment Report: “Private employers added 77,000 jobs in February 

“Hiring slowed to the smallest level of gains since July, with trade and transportation, health care and education, and information showing job losses. Small business employment also fell.  

“Change by Industry Sector … Natural resources/mining -2,000 … Trade/transportation/utilities -33,000 … Education/health services -28,000 … 

“For job-changers, year-over-year pay gains slowed slightly, from 6.8 percent in January to 6.7 percent. Pay gains for job-stayers were flat at 4.7 percent.” 

Trump’s unaffordable and reckless agenda is already tanking the economy as economists warn of a “Trump recession,” Americans fear higher prices, and Trump isn’t doing enough to lower inflation. 

The Telegraph: “Economists are starting to worry about a serious Trump recession”

New York Times: “The United States economy is starting to show signs of strain as President Trump’s abrupt moves to shrink federal spending, lay off government workers and impose tariffs on America’s largest trading partners rattle businesses and reverberate across states and cities.”

Reuters/Ipsos: “[A] majority of Americans also believe that the national economy (53%) is off on the wrong track, as is their cost of living (64%).”

Elon University: “More than 80% of respondents said they believe tariffs will lead to increased prices, with 45% expecting significant hikes.”

CNN: “A new CNN poll shows 62% of Americans feel Trump hasn’t done enough to tackle inflation. Nearly the same share of Americans view inflation as ‘a very big problem,’ according to a Pew Research poll”

REMINDER: During his first term, Trump rigged the economy for the rich — creating incentives for companies to ship jobs overseas and giving the ultra-wealthy massive handouts at the expense of working families — and he is trying to do it again. 

Trump: “You’re all people that have a lot of money. … You’re rich as hell. … We’re gonna give you tax cuts.”

Trump: “I will never let the Trump tax cuts … be taken away.”

Vanity Fair: “Donald Trump Wants to Give His Favorite Corporations Another Giant Tax Cut in a Second Term”

Washington Post: “For the first time in history, U.S. billionaires paid a lower tax rate than the working class last year”

Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”

Bureau of Labor Statistics: When Trump left office, there were over 170,000 fewer manufacturing jobs than when he started.

CNN: “Trump told GM workers he could save their plant, but it’s gone for good”