Labor Daze: Trump’s Resident Idiot Says the Economy is a Gift.

Trump administration official Kevin Hassett declared the latest jobs report as a “present to the American people” for Labor Day. Really, Kevin? Let’s dig into this claim by looking closely at the labor data. What you’ll find is that more Americans than ever are dislocated from the full-time employment picture in this country, and that this administration has zero idea how to fix it. And they’re not even trying. But, sure. Happy Labor Day, America. Enjoy the weekend worrying about how to pay your bills.

Resources

Bloomberg Television: NEC’s Hassett Says Inflation Is Under Control

Vox: The Trump administration’s “cubic model” of coronavirus deaths, explained

Federal Reserve Bank of St. Louis: Labor Force Participation Rate

NBC News: Trump’s new Fed chair walks fine line on inflation in key speech

Bureau of Labor Statistics: The Employment Situation — August 2026

ADP Research: National Employment Report

Federal Reserve Bank of St. Louis: All Employees, Manufacturing

Peterson-KFF Health Systems Tracker: What are the recent trends in employer-based health coverage?

KFF: Employer-Sponsored Health Insurance 101

Bureau of Labor Statistics: Labor Force Statistics from the Current Population Survey