Republican MPs expressed alarm and uncertainty on the strength of the US economy after the report on Tuesday reported by the Labor Department that the nation had created about 1 million less jobs from March 2024 to March 2025.
While the data mostly falls during the administration of former President Biden, the labor market is struggling in the report. According to the Bureau of Labor Statistics (BLS), the report of monthly jobs on Friday showed the unemployment rate, although still low, 4.3 percent lasts as the economy added only 22,000 jobs.
Many Republican President Trump’s global trade war is seen as the biggest reason for weak-to-intake jobs figures, given that Tariff has increased prices, increased consumer demands and provoked employers and investors.
While the major stock market index has reached record high height, Republicans worry on Capital Hill that does not reflect the economic reality experienced by many Americans.
And they fret that the economic picture may deteriorate in the next six months.
“I have to take that we are at some place. The number of jobs is small,” said the rape. Don Beckon (R-Naib). “If you look at industrial jobs, if you look at the farm economy right now – the agricultural economy looks very foggy.”
“I don’t see that Tariff has helped us yet; I am being bought a lot of corn and soybeans,” he said.
Bacon, who represents a swing district in Nebraska, does not plan to run for a sixth term, and warns that a slipping economy can create a major political problem for Republican in the mid -term of 2026.
“The Clinton Administration said that this is the economy, stupid,” he said, arguing that inflation under the biden was the biggest reason for Trump to win in 2024.
“The economy is always ace,” he said.
Other Republicans voiced similar views on Tuesday that the power of the economy would be the biggest issue in 2026 and is struggling due to the widespread uncertainty created by Trump’s trade policies.
“Still there is a lot of uncertainty,” Sen Jerry Moran (R-Kan) said. “The economy can be better than this.”
He said, “Businesses are waiting to see what happens, and therefore, there is less job increase than there.”
Moran said that the manufacturer in his kingdom is pointing to tariffs as it is a major reason that it is becoming increasingly expensive to do business.
“My conversation at home in August, at least in the manufacturing business sector, was about the difficulties that were making tariffs and increasing the cost of production and preventing them from buying new equipment in the manufacturing process,” he said.
“For me, that translation into tariffs is a challenge for many businesses, especially manufacturers,” he said.
Tuesday’s BLS report provided revised data in which the US economy added 911,000 less jobs from the end of March 2024 to 911,000 less jobs, which were reported earlier. The report indicated that the economy added only 850,000 jobs during that period.
Disappointing report appeared several weeks after Trump fired by BLS Commissioner Erica McArfer, when the agency added only 73,000 new jobs in July and reduced the number of jobs made in May and June to reduce the number of jobs in May and June.
On Friday, BLS also amended its data for June to show that the employment fell from 13,000 jobs in that month, the first time the economy suffered a net loss of jobs since 2020.
Jamie Dimon, CEO of JP Morgan Chase, said the latest job reports of the Labor Department suggest that the economy is slowing down.
“I think the economy is weakening,” Dimon told CNBC in an interview. “Whether it is on the path of recession or just weak, I don’t know.”
Mark Zandi, the chief economist of Moody’s Analytics, announced on Friday that the country has entered the “recession of jobs”.
“The economy is losing a significant number of jobs, including the goods, manufacturing, mining and construction, as the federal government,” he posted on the social platform X.
“Only healthcare and hospitality are added to parole. This is not a fully developed recession, because GDP, income and profits are still slowly growing. But for how long, if the economy is losing jobs?” He asked.
Zandi says that he hopes that by next year, inflation will increase from 2.7 percent to about 4 percent by next year.
He warned in an interview with Newsweek that rising prices and an increase in sorting could lead to “self-righteous vicious chakra”.
He said, “Weakness in job development sounds like an economy-hiring freeze. Businesses are very reluctant to add to their payroll,” he said.
The Senate majority leader John Theun (rupee) admitted on Tuesday that the economy would be a powerful issue in next year’s election, but he argued that jobs and other economic indicators gained strength in the coming months to implement Trump’s tax and spending package in summer.
“I think people are economic voters, always,” he said when asked about the report of Tuesday’s jobs.
“But I think as long as midterm elections revolve around, so many effects of ‘a big, beautiful bill’ we pass, you are going to see it,” he said.
“You are going to see the increased capital investment, you are going to see new jobs, better paid jobs. And I think you are going to see an increase in the economy,” the Theun said.
He said that the report of jobs reflects “a moment in time”.
Sen John Cornin (R-Texas), who is ready for reunioning next year, said that he hopes that the Federal Reserve will help promote the economy by cutting interest rates.
He said, “I know the terrible important of the economy is important. That’s why I hope the Fed follows through this month’s rate.” “I think it will help. I think there is a reasonable amount of uncertainty.”
