Trumps Wirtschaft ist endlich da – und es ist noch schlimmer als Sie es sich vorgestellt haben

Non-paywall 

https://archive.ph/2025.09.10-140534/https://slate.com/business/2025/09/trump-unemployment-crisis-job-market-black-americans.html

First paragraphs:

There’s no positive interpretation of the Bureau of Labor Statistics’ report from Friday, which projected that the United States’ economy only added 22,000 jobs in August, the weakest labor-market gain in five years. The unemployment rate rose to 4.3 percent, reaching its highest level since 2021. (If we look to before the COVID recession, the last time we’d seen this much unemployment was in 2017.) About 25 percent of those unemployed workers have been job-hunting for six months or more—the highest proportion of long-term seekers in nearly a decade. This already frustrating task will not get easier: For the first time since 2021, there are more unemployed job-seekers than available openings.

The contributing trendlines have been deeply felt: soaring layoffs, caution in hiring, record levels of private debt, depressed consumer spending, a spike in jobless claims. In recent months, opportunity declines could be traced to certain sectors, but the employment crisis has bloated. Manufacturing is down, predictably hobbled by Trump’s slapdash tariffs; trade and transportation are shedding gigs for the same reason; health care, one of the year’s more resilient sources of job growth, is also buckling under the pressure, and it will struggle all the more once the federal Medicaid cuts hit and reduce services in lower-income and rural-area hospitals. The best that could be said for many other once thriving industries is that they didn’t lose much—but they didn’t grow substantively, either.
And within the data, there’s an especially dire indicator of where everyday Americans stand: the rise in the Black unemployment rate. The bureau’s demographic breakdowns unambiguously demonstrate that these stunted economic conditions have fallen hardest on Black Americans. Unemployment for the demographic group stood at 7.5 percent in August, up from 6 percent in May. In an analysis, the Joint Center for Political and Economic Studies pointed out that this is the worst Black unemployment rate since late 2021, and that unemployment for young Black workers shot up to 16.8 percent even as overall young-worker unemployment fell slightly. The record job gains that Black workers recorded in 2023 have been reverted.

“It’s very alarming,” Gabrielle Smith Finnie, a senior policy analyst with the Joint Center, told Slate. “Each jobs report since the summer shows an unsteady labor market and its disproportionate impact on Black workers.” Usually, Black unemployment may outpace the national average by 2 percentage points; right now, there’s a 3-point difference. “We know there is a grave disparity, and it has been increasing.”
This grim development reflects that the mass government firings carried out early in the year are finally showing up in the broader data, following the lawsuits, severance periods, and rehiring spurts that made employment statuses uncertain for so long. Black Americans make for a substantial share of federal labor, from department gigs in D.C. to on-the-ground postal work everywhere. Elon Musk’s DOGE crusade, which infamously singled out diversity, equity, and inclusion initiatives as a target and enlisted inexperienced lackeys with often explicitly racist views, thus hit Black federal workers and governmental contractors hardest. (The irony, as ProPublica reported, is that some of the Black women purged as part of “anti-DEI” efforts had onboarded DEI programs that were instated under the first Trump administration.)

It goes beyond Uncle Sam. The DEI rollbacks have also come for the private sector, inspiring the young Black workers affected most by the fallout to stage impassioned and effective boycotts of certain firms. The trade and transportation sectors—singled out by BLS as part of the employment decline—tend to hire many Black men in particular and have been hit by Trump administration attacks on those sectors, rattled by yawning tariffs on one end and left out to dry by a lack of federal transit funding on another. The adversity compounds as these unemployed workers pull back their spending, undercutting the bottom lines of many Black-owned small businesses, even those with affluent or diversified customer bases. (Last year, various surveys found that Black women are the fastest-growing demographic of entrepreneurs in the country.)

MAGA voted to impoverish America

Oh no, this is just the beginning. It’s going to get so much worse.

All of this stuff ends up being worse than imagined.

Buckle up everyone. This is just the START of feeling this.

Nothing spikes crime more than unemployment and desperation. Here comes trouble.

I don’t know. I imagined it was going to be pretty fucking bad. Like Great Depression levels bad, considering that was the last time our president had thought crazy high tariffs were a good idea.

Voting for Trump because of high grocery prices is like chopping off your dick because you stubbed your toe.

The real pain hasn’t even begun. When the other bottom shoe drops or whatever the fuck? Fugghedaboutit. I warned my MAGA co-workers about this a year before the election. Nobody listens.

I went to the store to buy stuff to make a Caesar salad. Just lettuce, dressing, Parm, yucca root (for croutons), a single fillet of salmon, a bag of Epsom salts, and a sparkling water. It was $67. That was for 2 meals and pain relief for my back pain… I was trying to save money by not going out to eat but fuck me still.

It’s gonna be even worse come the new year ..imports are down again and tariffs are to blame

Businesses are downsizing or closing

It took over 18 months for me to find a new permanent job. Fucking awful. 

People have to remember he ran to stay out of jail. So cute to think he gave the slightest shit about you even though you voted for him. 

He made 8 billion since taking office. How much of a raise did you get? Is he working tirelessly on reducing your burden? Making your life better? Or is he at his golf course and schmoozing with billionaires and crypto donors. 

Fools and idiots for either voting for or abstained from voting.