Contact: Tommy Pigott and Eric Leyden, Team Trump

“Kamalanomics” is a failure. That’s what today’s jobs report showed – again

The main takeaways curtesy of Team Trump (click here for more information):

• 28,000 jobs were lost in the private sector last month.

• Kamala killed 46,000 manufacturing jobs last month and 85,000 jobs over the past six months – subtracting COVID bounce-back jobs, Kamala has overseen losses in manufacturing since she took office.
• 773,000 native-born Americans have LOST employment over the last year.
• August and September jobs numbers were revised DOWN by 112,000 jobs.
• Nearly seven million Americans are unemployed – up from 6.4 million just one year ago.
• Labor force participation fell last month as the labor force participation rate remains well below pre-pandemic levels.

The jobs report is another blow to the finances of already struggling American families.

• Prices have risen 20.5 percent since Kamala took office.
• Workers have seen a 3.4 percent pay cut under Kamala. Under President Trump, real average weekly earnings rose 8.2 percent.

• Americans now need a six-figure salary to afford a typical home in nearly half of U.S. states.
• After massive rental inflation, rents are stuck at persistently unaffordable prices and a record share of renters spending more than 30 percent of their income on housing.
• Household debt is at a record $17.8 trillion.
• Credit card debt has increased by 39 percent since Kamala took office to a record $1.14 trillion – under Kamala, credit card delinquency skyrocketed by 54 percent between 2020 and 2024.

So, we’ve seen the results of “Kamalanomics.” She broke the economy. President Trump will fix it. President Trump created nearly half a million manufacturing jobs in his first three years, and he has a plan to unleash a new American Golden Age.

• President Trump's “Made In America” tax rate will cut the business tax rate from 21% to 15% for employers who make their products in the USA – and charge a tariff on companies who don't.
• President Trump will cut energy prices in half within his first year and double the grid capacity.
• President Trump will cut ten existing regulations for every new regulation put in place.
• President Trump will put a 100% tariff on every automobile manufactured by a Chinese plant in Mexico – and the only way they'll get rid of it is by building a plant in the U.S.

He also has a plan to deliver direct relief to hard-working Americans by eliminating taxes on tips, overtime, and Social Security for seniors.

The contrast is clear: Vote for President Trump to Make America Wealthy And Affordable Again!

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Paid for by Donald J. Trump for President 2024