Hoyer Statement on May Jobs Report

WASHINGTON, DC – Congressman Steny H. Hoyer (MD-05) released the following statement today on the May jobs report: 

"As today's jobs report indicates, the job market grew modestly last month, with 139,000 jobs added to the economy and unemployment hovering around 4.2%. While positive, the Trump era is averaging one third the monthly job gains we experienced during the Biden Administration, a slowdown that is contributing to Americans' concerns about our economy.

"House Republicans passed Donald Trump's 'big, ugly bill,' which will heap $2.4 trillion on to our national debt. The bill's historic cuts to Medicaid and the Affordable Care Act will deprive 16 million Americans of their health insurance over the next decade. It will also cut food assistance for 11 million Americans. Experts also predict that the bill will increase the cost of energy for the average American family by $400 a year. Meanwhile, this extreme, partisan legislation will give trillions of dollars in tax breaks to the wealthiest Americans. This reckless spending has rattled the world's confidence in America's ability to pay its debts and led credit rating agencies to downgrade our AAA credit rating.

"Trump continues to increase costs for Americans and lower growth forecasts for the U.S. economy, causing expectations of a recession to rise. The past few months make it clear that Trump intends to do the same thing to the economy that he has done with so many of his past businesses: run it straight into the ground."