Official data shows that the US economy has fallen into a stagnation!
As of August 2025, the number of employed people in the United States has decreased by 78,000 over the past 20 years, and only 22,000 jobs were added in that month. The unemployment rate reached the highest level since 2021, and the uncertainty of the president's tariffs and economic policies is beginning to take effect.
However, the president himself believes that the responsibility should fall on Powell of the Federal Reserve, not himself, because Powell insisted on refusing to lower interest rates.
"One of the problems we are facing is, you know, our interest rates are too high, you know, that's the Federal Reserve's business. On the other hand, so many different elements have not been included yet. One thing we have learned, which we have also come to understand through the difficult observations of the past few months, is the adjustments people have been making. They will say, you're unemployed, by the way, a month later we have a revision."
The revised data a month later is definitely going to be better. The president's principle is to solve the person who raises the problem if the problem cannot be solved. Erica, the labor and statistics bureau commissioner who consistently reflected the real employment data, has been fired by the president. She ignored the president's opposition and revised the number of 256,000 jobs lost in May and June. The revised data a month later will come from Anthony, an economist at the Heritage Foundation, who is a loyal supporter and executor of the president.
Original: www.toutiao.com/article/1842464683111516/
Statement: This article represents the views of the author.