The First Year of Donald Trump's Economy in 7 Charts
Business Insider • • business
Key Points:
- The US added only 584,000 jobs in the past year, marking the smallest job growth outside a recession since 2003, influenced by policy uncertainty, tariffs, immigration issues, and recession fears.
- Economists warn that the slow job market could dampen consumer spending as households tighten budgets amid ongoing economic uncertainty.
- Despite weak job growth, the economy shows resilience with real GDP growth in the second and third quarters of 2025, driven by factors like an aging population, lower net migration, and cautious corporate hiring.
- Federal workforce reductions and tariff policies have contributed to job losses, particularly in manufacturing, where tariffs have negatively impacted firms reliant on imports.
- Consumer spending remains strong but uneven, with wealthier individuals
