Source: United States House of Representatives – Congressman Steny H Hoyer (MD-05)
WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today on the January jobs report:
“Although last month saw modest job growth – with some 130,000 jobs added and the unemployment rate hovering around 4.3% – we ought to look at the January jobs report in the context of the past year. Since Donald Trump took office in January 2025, the unemployment rate has increased by 0.3%. That means 500,000 more Americans were unemployed last month than when Trump’s second term began. Additionally, the number of Americans struggling with long-term unemployment has gone up by 386,000 since January 2025. Instead of ushering in a renaissance for American manufacturing, Trump has cost our country 82,000 manufacturing jobs in his second term. Crucially, there are currently more people unemployed than there are jobs available.
“The job market’s poor performance, in addition to rising costs from Trump’s disastrous tariffs and from his attacks on the Affordable Care Act, might explain why 40% of Americans believe their lives will get worse in the next five years. That’s the highest level on record – even higher than it was at the peak of the pandemic. Donald Trump can’t relate. He profited billions of dollars off the presidency last year. As he builds himself a gilded ballroom, accepts lavish gifts from foreign nations, and uses his influence to boost his business, Trump has left the rest of the American people in the dust.”