America’s weakening job market is hitting some of Donald Trump’s key constituencies the hardest, according to data shared by “Morning Joe” economic analyst Steve Rattner. The former Treasury Department official used charts to explain how the weakening job market is becoming another source of discontent for Americans unhappy with the state of the economy under the Trump administration, including many of the president’s supporters.
Rattner said that while the conversation around Americans’ economic struggles has focused “mostly on affordability and inflation, and the polls relating to it,” it was also important to talk about employment “because the news there, while not nearly as bad as on inflation affordability, is not great.”
According to Rattner, in 2024, the last year of Joe Biden’s presidency, the economy created an average of about 122,000 jobs a month, which he called “a decent number” because it was “enough to keep the unemployment rate from rising” and “provide jobs for most people who want them.”
However, that average has collapsed under Trump, sinking to 26,000 jobs a month.
The “Morning Joe” economic analyst said the decline has hit one group particularly hard: blue-collar male workers, a constituency that was key in helping Trump regain the White House.
Recommended
Allison Detzel is an editor/producer for MS NOW. She was previously a segment producer for “AYMAN” and “The Mehdi Hasan Show.”