TRUMP’S ECONOMIC MIRACLE CRASHES: Only 64,000 Jobs Added in November – Unemployment Hits 4.6% as Holiday Prices Surge 26% Under Tariffs!
On December 17, 2025, the U.S. economy delivered another devastating blow to President Trump’s “economic miracle” narrative, with revised data showing a net loss of 41,000 jobs across October and November combined. Since May, job growth has virtually stalled at just over 100,000 total – worse than any single month under Biden.
November’s anemic 64,000 jobs added marked the second-weakest report of Trump’s second term, pushing unemployment to 4.6% – the highest since 2021 and up from 4.0% when Biden left office. The six-month average now stands at a dismal 17,000 jobs per month since “Liberation Day.”
Excluding government and healthcare sectors, private hiring has been negative. VP JD Vance spun the rising unemployment as “good news,” claiming discouraged workers are re-entering the labor force – a claim economists dismissed as absurd deflection.
Inflation continues its relentless climb, with holiday gift prices surging an average 26% year-over-year due to Trump’s tariffs – nearly nine times the pre-tariff rate. Electronics jumped 34%, home goods 38%, clothing 20%, and toys 17%, according to Groundwork Collaborative analysis.
Consumer sentiment has plunged to its second-lowest level since 1952, with 68% of voters stressed about holiday expenses and 74% blaming Trump directly. Seasonal retail hiring fell 17%, signaling weaker holiday spending projected down 7% this year.
Tariffs are adding an estimated $28 billion to American shopping bills this season – roughly $130 per shopper – as imports face punishing duties on nearly 90% of clothing, 80% of toys, and 70% of electronics.
Meanwhile, Republicans refuse to extend ACA subsidies, setting up catastrophic premium increases in 2026: Alaska +346% ($1,199/month), Mississippi +314%, Texas +289%, California +122%, Florida +132%. Millions face losing affordable coverage entirely.
Trump’s promise of an “economic miracle” two days after inauguration now rings hollow as Americans pay more for everything while job creation grinds to a halt – proving his administration has taken Biden’s economy and driven it straight into the ground.
