June 4, 2025

Trump demands interest rate cuts as hiring slows with sluggish job report

America’s job market is sputtering. The private sector added a measly 37,000 jobs in May, according to ADP, falling far short of the 110,000 economists expected. It’s the weakest hiring pace since March 2023, and conservatives see it as a red flag for an economy burdened by bad policy.

Breitbart reported that private payrolls grew by only 37,000, a sharp slowdown that has President Donald Trump sounding the alarm. This ADP report, independent of the Labor Department’s upcoming jobs data, paints a grim picture of an economy losing steam.

Mid-sized firms added 49,000 jobs, but small businesses shed 13,000, and large companies lost 3,000. Goods-producing sectors took a hit, losing 2,000 jobs.

Natural resources and mining dropped 5,000, manufacturing lost 3,000, though construction eked out a 6,000-job gain. The service sector had mixed results, with leisure and hospitality adding 38,000 jobs, while professional services bled 17,000.

Service Sector Struggles

Service industries, typically a job-growth engine, showed cracks. Financial activities gained 20,000 jobs, but education and health services lost 13,000, and trade, transportation, and utilities cut 4,000. These losses signal broader economic unease that’s hard to ignore.

“After a strong start to the year, hiring is losing momentum,” said Nela Richardson, ADP’s chief economist.

Her words confirm what many on the right have been saying: progressive policies are strangling growth. Turns out, you can’t tax and regulate your way to prosperity.

Wage growth, meanwhile, stayed flat. Workers sticking with their jobs saw 4.5% annual pay hikes, unchanged from April. Job switchers enjoyed 7% raises, also steady, but stagnant wages won’t ease the sting of inflation’s lingering bite.

President Trump didn’t mince words. “ADP NUMBER OUT!!! ‘Too Late’ Powell must now LOWER THE RATE,” he posted on Truth Social.

His frustration with Federal Reserve Chairman Jerome Powell is palpable, and conservatives nod in agreement, tired of tight money policies.

Trump’s right to push for cuts, but Powell’s been stubborn. The Fed held rates steady in 2025, ignoring declining inflation and growth concerns. They did slash rates three times late in the Biden era, including a half-point cut, but apparently, that wasn’t enough.

“He is unbelievable!!! Europe has lowered NINE TIMES!” Trump added. His point stings: while Europe eases monetary policy, America’s Fed drags its feet, leaving businesses and workers in the lurch. It’s a classic case of bureaucrats ignoring Main Street’s pain.

Fed’s Missteps Hurt Workers

The Fed’s high-rate obsession is squeezing small businesses hardest. Those with fewer than 50 employees cut 13,000 jobs, unable to borrow or expand under tight credit. Big government cheerleaders might shrug, but these are real livelihoods at stake.

Large firms aren’t immune, either, shedding 3,000 jobs. Only mid-sized companies, adding 49,000, kept the numbers from looking even worse. This uneven recovery shows an economy crying out for relief, not more red tape.

ADP’s report isn’t the Labor Department’s, and the two often diverge. Friday’s government jobs data might tell a different story, but ADP’s numbers are a trusted pulse of private-sector health. Dismissing them as “just one report” feels like denial.

Leisure and hospitality’s 38,000 job gain is a bright spot, but it’s not enough. Losses in professional services and education scream of overregulation and misplaced priorities. You can’t build a strong economy when core sectors are bleeding jobs.

Trump’s call for rate cuts is a common-sense plea. High interest rates choke investment, and the Fed’s inaction risks tipping us toward recession. Conservatives know that less government meddling, not more, is the growth path.

Written By:
Benjamin Clark

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