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Trump’s July 4th Jobs Report Shows American Dream Slipping Out of Reach for Many Working Families

Дата публикации: 02-07-2026 13:59:39


Today’s jobs report shows the labor market added only 57,000 jobs in June, with April and May hiring revised down by 74,000 fewer jobs than previously reported. The unemployment rate changed little at 4.2%. A total of 720,000 people left the labor force last month, pushing the share of Americans working or looking for work to its lowest level since March 2021. Beneath the headline, workers are less confident they can find a job, higher prices continue to eat into paychecks, and families feel worse about their financial situation. The share of unemployed workers who have been without a job for at least six months remains above one in four, up sharply from one year ago, while a growing share of workers are stuck in part-time jobs because they cannot find full-time work. Though President Trump campaigned on saving “Black jobs,” the unemployment rate among Black Americans is far higher than the national rate, reflecting the president’s unequal economy. Under President Trump, the economy is leaving working families with fewer opportunities to get ahead.Groundwork Collaborative’s Chief of Policy and Advocacy, Alex Jacquez, released the following statement:“Today’s weak jobs numbers are grim warning signs of a struggling labor market. Job gains reflect temporary seasonal hires and other workers separated from the broader economy while the majority of the labor force is frozen. Working Americans increasingly report that their paychecks can’t keep up with Trump’s high prices, but are not confident they’ll be able to find better opportunities. They’re instead focused on trying to keep up with the president’s price hikes.”

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Today’s jobs report shows the labor market added only 57,000 jobs in June, with April and May hiring revised down by 74,000 fewer jobs than previously reported. The unemployment rate changed little at 4.2%. A total of 720,000 people left the labor force last month, pushing the share of Americans working or looking for work to its lowest level since March 2021. Beneath the headline, workers are less confident they can find a job, higher prices continue to eat into paychecks, and families feel worse about their financial situation.

The share of unemployed workers who have been without a job for at least six months remains above one in four, up sharply from one year ago, while a growing share of workers are stuck in part-time jobs because they cannot find full-time work. Though President Trump campaigned on saving “Black jobs,” the unemployment rate among Black Americans is far higher than the national rate, reflecting the president’s unequal economy. Under President Trump, the economy is leaving working families with fewer opportunities to get ahead.

Groundwork Collaborative’s Chief of Policy and Advocacy, Alex Jacquez, released the following statement:

“Today’s weak jobs numbers are grim warning signs of a struggling labor market. Job gains reflect temporary seasonal hires and other workers separated from the broader economy while the majority of the labor force is frozen. Working Americans increasingly report that their paychecks can’t keep up with Trump’s high prices, but are not confident they’ll be able to find better opportunities. They’re instead focused on trying to keep up with the president’s price hikes.”

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