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Friday, September 5, 2025

There’s no more denying it – Trump risks a recession on his watch

If Trump thought he could neuter calls to release files related to Jeffrey Epstein this week, he received an even worse present on the doorstep of the White House on Friday: a weak jobs report.

The Bureau of Labor Statistics reported a triple barrel of bad news in its jobs report: First, it showed that the unemployment rate ticked up to 4.3 percent.

Second, the number showed that the U.S. economy added only 22,000 jobs, far below market expectations. Third, downward revisions from the June jobs report showed that for the first time since 2020, the U.S. economy had lost jobs, in this case losing 13,000 jobs.

Of course, Trump tried to stem the tide in the past. After last month's anemic jobs report showed that the economy added only 73,000 jobs in July, he fired BLS Commissioner Erika McEntarfer. He nominated E.J. Antoni – the chief economist at the Heritage Foundation – to replace her.

But nothing can stave off the havoc that Trump’s tariffs will wreak. A look under the hood of the numbers today shows the economy is headed to a full-fledged heart attack.

Read more here.

By Eric Garcia

Reading list

Daily briefing

Trump says it’s time to end Epstein ‘hoax’ and tries to blame Democrats for ‘socializing’ with him

Trump's words come as a handful of Republicans join Democrats to force the release of files related to the late convicted sex offender, Andrew Feinberg writes.

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QUOTE OF THE DAY

The NRA supports the Second Amendment rights of all law-abiding Americans to purchase, possess and use firearms.

The National Rifle Association in response to a proposed plan to block transgender Americans from owning firearms.

What else you need to know

Game, set, match: President Donald Trump is set to attend the US Open men’s final on Sunday, marking a return to the tournament for the first time in 10 years, Jamie Braidwood reports. The White House has confirmed the visit and Trump will be the first sitting president to attend a US Open final since Bill Clinton in 2000.
Out-Foxed: A judge dismissed Newsmax’s lawsuit against Fox News that claimed the news organization has a monopoly on conservative viewers, Rhian Lubin and Ariana Baio report. Just days after filing, U.S. District Judge Aileen Cannon dismissed the right-wing network’s lawsuit as a “shotgun pleading,” as the five counts of NewsMax’s complaint were unnecessarily repetitive.

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