Chuck Schumer: “this morning, we got some more troublesome news about the economy under Donald Trump. Today, we learned the economy…”

“this morning, we got some more troublesome news about the economy under Donald Trump. Today, we learned the economy added only 73,000 jobs last month, far below expectations. But that wasn't the worst of it. We also learned the economy actually added less than 20,000 jobs, each in May and June, the 2 months following Donald Trump's Liberation Day. That is more than 250,000 fewer jobs than originally thought. Let me say that again. We learned this morning that the economy actually added over a quarter million fewer jobs than originally thought. We also learned that unemployment has gone up. It is disturbing to say, but the chickens are coming home to roost on Donald Trump's destructive trade war and the American people are paying the price. You sow chaos, Donald Trump, you reap chaos. And that is what the President is finding out this morning. A quarter million fewer jobs is a significant revision and a flashing red light. Donald Trump's chaotic tariffs are already bleeding our economy of good-paying jobs. In fact, aside from the pandemic, this job revision is the largest since 1979. In other words, the revision saying we lost jobs is more than any since 1979 except for the period of COVID. That is what tariff whiplash looks like. Businesses--small, large, medium--always need stability. But businesses are waving around their arms in the dark without a clue of what Donald Trump is going to do next.”