Harris says Trump is responsible for bad job report long after leaving office.

Vice President Kamala Harris’ campaign is pointing fingers at former President Trump for the latest negative jobs report, even though he has been out of office for some time now. Harris for President spokesperson James Singer criticized Trump for allegedly failing Americans during his presidency, claiming that he brought the economy to the edge of a recession and cost millions of jobs. Singer also accused Trump of planning to implement an agenda that would harm the middle class, increase taxes on working families, cut social security and Medicare, and benefit his billionaire donors.

Singer emphasized that despite the progress made, Vice President Harris is aware that there is still more work to be done to lower costs for families. The campaign promises that building up the middle class will be the primary focus of Harris’ presidency. They plan to take on corporations engaging in price gouging, ban hidden fees, and cap unfair rent increases and drug costs to benefit consumers.

The comments from the Harris campaign come as the U.S. job growth in July slowed significantly, with the unemployment rate unexpectedly rising to the highest level in almost three years. According to the Labor Department’s report, employers added 114,000 jobs in July, falling short of the 175,000 forecasted gain. The unemployment rate rose to 4.3%, contrary to the expected 4.1%, marking the highest level since October 2021.

The report has added to concerns about the weakening economy amid ongoing inflation and high-interest rates. The stock futures plunged following the report, with Dow futures dropping by over 500 points, reigniting fears of a looming recession. The unexpected data has also prompted questions about whether the Federal Reserve waited too long to cut interest rates. The policymakers, in their recent meeting, voted to retain rates at a 23-year high but hinted at the possibility of loosening policy as early as September.

In terms of job creation, the healthcare sector led the way by adding 55,000 new jobs in July. Additionally, notable growth was observed in sectors like construction (25,000), government (17,000), transportation, and warehousing (14,000). However, there were some sectors that experienced job losses, such as information employment, which declined by 20,000, and financial activities, which saw a reduction of 4,000 employees.

The report also included modest revisions, with job gains for June being adjusted down by 27,000 jobs to 179,000, while May’s gain was slightly lower at 216,000 jobs.

The Trump campaign, on the other hand, placed the blame on the Biden-Harris administration for the current economic challenges. Karoline Leavitt, Trump Campaign National Press Secretary, criticized Kamala Harris for her role in supporting spending that contributed to inflation. Leavitt accused Harris of overlooking the struggles of American working families amidst rising costs of basic necessities like food, gas, and housing.

Despite the differing viewpoints, it is evident that the economy is facing challenges, and both parties have strong opinions on who is responsible and what needs to be done to address the issues at hand.