2025 Economic Report and Manufacturing Jobs

Floor Speech

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Mr. MAGAZINER. Mr. Speaker, 2025 was one of the worst years for job growth in decades. In fact, if you don't count COVID, the United States created fewer jobs last year than any year since 2009. You don't need data. Just ask anyone who has been looking for a job. They will tell you no one is hiring.

This weak economy is a direct result of President Trump's policies: the crazy tariffs that are raising costs for businesses and consumers, massive cuts to healthcare, and the political attacks on clean energy that are driving up energy costs.

The President claimed that his tariffs would help American manufacturing, but instead we have lost 72,000 manufacturing jobs since Liberation Day, after years of gains.

What is the President focused on as working people struggle? He is focused on building himself a new ballroom, naming the Kennedy Center after himself, trying to take over Greenland, and selling cryptocurrency out of the White House to enrich himself. None of this creates jobs or lower costs for you or the millions of Americans who are struggling. It is time for the President to focus on the real needs of the American people.

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