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Trump's Renewed Assault on Iran Means More Pain Incoming for Working Families, Experts Warn
"Families shouldn’t be paying the price for Trump’s reckless decisions," said US Rep. Zoe Lofgren.
Jul 14, 2026
President Donald Trump's decision to restart his illegal war with Iran has sent oil prices back upward, and experts are warning that means more economic pain for working families in the coming months.
The price of Brent crude, which had fallen under $71 per barrel in late June after the US and Iran reached a memorandum of understanding (MOU) to wind down the conflict, has since surged back above $85 per barrel as of Tuesday, days after Trump declared the ceasefire between the two countries to be over.
Rising oil costs mean that the price of gasoline, which has similarly been dropping over the last month, will again start to rise. Petroleum industry analyst Patrick De Haan on Tuesday projected that, based on the current surge in oil prices, the US is "days away" from seeing the average price of gas go back over $4 per gallon.
The renewed hostilities with Iran came amid signs of inflationary pressures in the US easing. Data released by the Bureau of Labor Statistics (BLS) on Tuesday showed consumer prices in June rose by less than expected, with lower energy prices delivering relief.
University of Michigan economist Justin Wolfers argued that while Tuesday's inflation data was positive news, the recent fighting between the US and Iran means it could be short-lived.
"Inflation remains high, is well above the Fed's target, and the ceasefire with Iran is over," Wolfers cautioned, referring to the Federal Reserve.
Alex Jacquez, chief of policy and advocacy at the Groundwork Collaborative, said the resumption of the illegal war would "continue hammering Americans’ budgets at home."
"Gas prices have already started to rise again and last month’s inflation data is stale," said Jacquez. "Trump’s debacle in the Middle East will have lasting, layered effects on our economy for months to come. Working families struggling to make ends meet should lay blame squarely on the president."
Heather Long, chief economist at Navy Federal Credit Union, said the latest consumer price data show "it's still tough for middle-class and moderate-income Americans," as "inflation is wiping out wage gains for many."
More ominously, Long added, "The question is whether this relief is only temporary as the war in Iran restarts."
Project management professional Larry Boorstein warned Trump against spiking the football over the relatively tame inflation data from last month.
"Prices are down because oil prices dropped after the US-Iran MOU," Boorstein wrote. "Prices for food, both at home and away from home, increased, as did prices for shelter. Energy prices fell enough to more than offset increases in food and shelter prices. What's not so good is Trump declared the MOU dead July 8. Oil prices are ticking up again."
Rep. Zoe Lofgren (D-Calif.) put the economic damage caused by the Iran war into perspective by noting that it has cost US consumers over $56 billion so far in the form of higher gas prices, or just under $500 per household.
"Families shouldn’t be paying the price for Trump’s reckless decisions," wrote Lofgren.
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Jobs Report Offers 'Grim Warning Signs' for Cash-Strapped Working Families Under Trump
"Working Americans increasingly report that their paychecks can't keep up with Trump's high prices, but are not confident they’ll be able to find better opportunities," noted one Groundwork Collaborative expert.
Jul 02, 2026
As President Donald Trump's team on Thursday tried to paint the June jobs report as positive, economists and congressional Democrats called it "weak" and "disappointing," with some also ripping the Republican administration's harmful policies, from sweeping tariffs and the Iran War to the mass detention and deportation of immigrants.
The nation's economy added just 57,000 jobs in June, or roughly half of what economists had anticipated, according to the latest monthly report from the US Bureau of Labor Statistics. BLS noted that "both the unemployment rate, at 4.2%, and the number of unemployed people, at 7.1 million, changed little in June."
The Department of Labor (DOL) agency also revised job gains down for May by 43,000 and April by 31,000, and said that "over the year, average hourly earnings have increased by 3.5%." That's notably lower than the 4.2% annual inflation rate detailed by BLS a few weeks ago, as Americans struggle to afford groceries, housing, and other basic necessities during Trump's second term.
"Today's weak jobs numbers are grim warning signs of a struggling labor market," Alex Jacquez, a former Obama administration official who is now Groundwork Collaborative's chief of policy and advocacy, said in a statement.
"Job gains reflect temporary seasonal hires and other workers separated from the broader economy while the majority of the labor force is frozen," he explained. "Working Americans increasingly report that their paychecks can't keep up with Trump's high prices, but are not confident they'll be able to find better opportunities. They're instead focused on trying to keep up with the president's price hikes."
Angela Hanks, a former DOL senior official who's now chief of policy programs at The Century Foundation, similarly called the report "yet more evidence of a fragile economy under President Trump, with job growth coming in well below expectations and sizable downward revisions to the last two months."
"While the unemployment rate dipped slightly to 4.2%, this number only tells us how many people are working—it doesn't tell you whether people can afford to live," she stressed. "The reality behind today's jobs numbers is that the cost of living continues to outpace paychecks: 43% of Americans now say they're worse off financially than they were a year ago, and year-over-year wage growth came in at 3.5%, below overall inflation of 4.2%—meaning that real wages are falling."
"Looking beyond the topline numbers, more than half of all June job growth was concentrated in healthcare and social assistance, continuing a trend of these sectors propping up much of our economy," she pointed out. "The labor force participation rate declined sharply and widely, with nearly every demographic group seeing declines, which partially explains the drop in the unemployment rate. Moreover, certain racial and age disparities actually worsened: Black youth unemployment rate rose to a whopping 26.8%, as did Hispanic youth unemployment, coming in at 20.1%—a reminder that this economy is not delivering for workers who are struggling the most."
Hanks added that “while Trump will surely tout this moderate job growth as a win, not long ago numbers like today's would have prompted serious concern. But families aren't grading Trump on a curve: They feel the impacts of this administration's chaotic and costly economic policies every day. Until working people can actually afford their lives—groceries, housing, healthcare, childcare—claims of a 'strong economy' will continue to ring hollow."
In line with Hanks' prediction, Trump's messengers attempted to frame the figures positively, with his press secretary, Karoline Leavitt, celebrating the declining foreign-born labor force amid the administration's deadly crackdown on immigrants, and her deputy, Kush Desai, claiming the report "reinforces that the American labor market remains solid."
Acting Secretary of Labor Keith Sonderling—whom the president earlier this week nominated for the permanent post—said that "Trump's America first agenda continues to provide greater wages for workers and certainty to the sectors which will fuel the next 250 years of US economic security."
Meanwhile, with the midterm elections just four months away, the Democratic National Committee's rapid response director, Kendall Witmer, declared that "Donald Trump's failed economic agenda has driven working families into a corner as Americans worry about how to find a job and keep up with sky-high prices. The reality for working families is undeniable: Trump has wrecked the economy, leaving millions wondering how they will make ends meet with no relief in sight."
"But Trump doesn't give a shit—he's only focused on building his vanity projects and using the power of the presidency to get even richer," added Witmer, just two days after the president's annual financial disclosures revealed that he pocketed an unprecedented $2.2 billion—over half of it from his family’s cryptocurrency grift—during his first year back in the Oval Office.
Congressman Ted Lieu (D-Calif.) took to social media over "another disappointing jobs report" and also called out GOP priorities, from erecting a giant arch in Trump's honor to putting his name on various items, including passports and the $250 bill.
As Lieu concluded, "November is coming."
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Thanks to Trump Economy, ‘Dads Are In for Disappointment This Father’s Day’
"While dads across the country should be able to relax and enjoy the day with loved ones, they’re instead forced to worry about how they’ll make ends meet in Trump’s economy."
Jun 19, 2026
A report published Friday reveals how President Donald Trump's policies have jacked up prices for a host of potential Father's Day gifts this year.
Overall, the analysis by Groundwork Collaborative, a progressive economic think tank and advocacy group, finds that prices for popular Father's Day gifts have risen by nearly 19% on average over the last year, highlighted by a 30% increase in the price of Remington electric shavers, a 16% jump for Blackstone electric griddles, and a barbecue tools up by 11%.
The analysis traces price increases of popular personal care products to Trump's global trade war, which he began last year with his "Liberation Day" tariffs levied on practically every nation in the world.
"Many shavers and trimmers are imported from China, which has faced multiple layers of tariffs," notes the report, "in addition to containing steel and aluminum components, which are also subject to additional tariffs."
The report also points out that electric shaver manufacturer Braun "increased the price of its Series 9 All-in-One Beard Trimmer by $50" last year after Trump's big tariff announcement, and that the price has since gone up by another $10.
Examining the increase in grilling product prices, the report pins the blame not only on Trump's tariffs, but also his illegal war of choice with Iran.
"The Middle East is a major producer of the petrochemical used to make plastics and synthetic fibers," the report explains. "Trump’s reckless war on Iran has increased the price of these petroleum-derived products, helping drive up the cost of items like grilling tools, which cost nearly 22% more this year."
Elizabeth Pancotti, managing director of policy and advocacy at Groundwork Collaborative, summarized the report's findings by warning that "Dads are in for disappointment this Father’s Day" thanks to Trump's economic policies.
"While dads across the country should be able to relax and enjoy the day with loved ones," Pancotti added, "they’re instead forced to worry about how they’ll make ends meet in Trump’s economy."
Trump's tariffs and the Iran war have sent inflation in the US to its highest levels in three years. As data released by the US Bureau of Labor Statistics (BLS) last week showed, overall prices in May posted a yearly increase of 4.2%, highlighted by a 23.5% yearly increase in energy prices.
Heather Long, chief economist at Navy Federal Credit Union, said last week that inflation has now grown “so high that it’s erasing all wage gains" being made by American workers.
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Fed's May Beige Book Shows Working Families Falling Behind As Trump Is 'Choosing to Keep Prices High'
Middle-income households were "squeezing more life out of every dollar before deciding to spend it" last month, while low-income families and individuals "showed greater financial strain."
Jun 05, 2026
The Beige Book, a monthly report on consumer spending, labor markets, and inflation from the Federal Reserve's 12 districts across the country, offers an up-to-date look on how the US economy is impacting households across the US—and this week, the report for May showed a continuation of the trend that accelerated after President Donald Trump joined Israel in attacking Iran more than three months ago.
"This month’s report, the third since the escalation of the conflict in the Middle East, reveals that soaring input costs are triggering price hikes for consumers," said the progressive think tank Groundwork Collaborative.
The report notes that regional contacts at the Federal Reserve's districts described middle-income households as "squeezing more life out of every dollar before deciding to spend it,” while low-income families and individuals "showed greater financial strain."
"Overall, there were reports of increased credit card usage, fewer retail visits, and stronger demand for necessities," reads the Beige Book.
"Higher-income households remained resilient and less sensitive to price increase," the Federal Reserve reported, indicating a "K-shaped economy"—in which wealthy Americans are represented by the top angled line and middle- and lower-income households are represented by the line angled toward the lower right.
The report comes as peace talks with Iran are stalled and the Strait of Hormuz—a key waterway for trade, particularly for the world's oil supply, remains effectively closed following the US-Israeli invasion. Iran's retaliatory move has sent global oil prices soaring, with gas now costing $4.22 per gallon on average.
"High prices for essentials like groceries and a tank of gas are busting household budgets and eliminating breathing room for middle- and low-income families."
"Numerous contacts mentioned the conflict in the Middle East as a source of cost pressures and heightened business uncertainty," reads the Beige Book. "Higher energy and fertilizer prices contributed to a moderate increase in food prices, especially for fresh produce."
Manufacturers and retailers are also facing increased shipping costs, while auto repair rates and used-car financing rates "remained very high" in parts of the country.
The report was released days after the administration launched new strikes against Iran last weekend, and as Iran announced it was suspending peace talks with the US over Israel's continued targeting of Lebanon.
Alex Jacquez, Groundwork's chief of policy and advocacy, said that "Trump is choosing to keep prices high for working families."
"High prices for essentials like groceries and a tank of gas are busting household budgets and eliminating breathing room for middle- and low-income families," said Jacquez. "Despite his own party’s opposition, the president is forging ahead with his reckless, costly war—and leaving working Americans in the dust.”
The Beige Book also describes a "low-hire, low-fire" job market, "with workers increasingly reluctant to change jobs because of economic uncertainty."
"Widespread economic uncertainty from continued tariffs and persistent inflation means businesses are delaying expansion, leading cautious employees to remain in their current roles—even if it means staying in worse-paying jobs," said Groundwork.
The Federal Reserve pointed to a contact in the construction industry in Cleveland, Ohio who said employees are "nervous and stressed, as well as a human resources firm in Richmond, Virginia that reported "that clients have explicitly slowed hiring for new roles due to uncertainty, while their existing employees seemed reluctant to leave 'something stable' for new opportunities."
Jacquez said that based on the report, "Americans lucky enough to be employed full-time are losing faith in their ability to keep up with inflation as paychecks lag and the labor market stalls out."
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'The Country Is Not Trump's to Liquidate': New Report Details Depths of Presidential Corruption and Grift
"Americans know they’re being ripped off and are demanding accountability."
Jun 03, 2026
The American Economic Liberties Project and Groundwork Collaborative on Wednesday released a joint report detailing how President Donald Trump's unprecedented corruption is padding his own pockets at the expense of US taxpayers.
The report—titled "The Price of Corruption: How Trump's Pay-to-Play Administration is Driving Up Costs for Working Families"—explains how Trump isn't just using the presidency to enrich himself, but leaving ordinary Americans to foot the bill for his corrupt dealings.
The report notes that the TrumpRx website, which purports to offer Americans deep discounts on drugs, is actually a scheme for funneling even more money to large pharmaceutical companies.
"When Trump rolled out TrumpRX earlier this year, the administration claimed it was a way for Americans to access more affordable prescription drugs," the report states. "Instead, the platform fails to disclose information about less expensive generic alternatives and, in some instances, charges consumers more for products that are available for less elsewhere."
Rather than providing real relief, the report charges, TrumpRx "serves as free advertisement for Big Pharma and may be lining the pockets of the president’s eldest son, Donald Trump Jr., who is on the board of prescription drug platform BlinkRX, which stands to benefit from the administration’s promotion of direct-to-patient medicine sales."
The report also highlights the way that Trump has used his tariffs, which raise the cost of imported goods for US consumers, as a personal self-enrichment tool, such as when he slashed tariffs on Switzerland "just a few days after Swiss business leaders presented him with a personalized gold bar worth more than $130,000 and a Rolex desk clock."
Trump levied tariffs against Brazil last year in retaliation for that country convicting a political ally, former Brazilian President Jair Bolsonaro, of plotting a coup to illegally stay in power after he lost an election to current President Luiz Inácio Lula Da Silva.
"Americans paid the price for Trump’s international allies breaking the law," states the report, "as coffee imported from Brazil surged to a 40% increase in price."
One particularly egregious instance of Trump's corruption, the report explains, comes from the president's unprecedented number of pardons of political allies, including hundreds of rioters who violently stormed the US Capitol on his behalf on January 6, 2021.
Beyond the high-profile rioter cases, the report shines a spotlight on a number of white-collar criminals who have received presidential clemency, including Paul Walczak, "a nursing home executive convicted of tax evasion" who was pardoned "three weeks after his mother donated $1 million to Trump at a Mar-a-Lago fundraiser," and cryptocurrency mogul Changpeng Zhao, who received a pardon months after helping boost the Trump family's crypto venture.
The report notes that the Trump administration has also stacked regulatory agencies in ways that directly benefit the business interests of the president's family members, most prominently in the realm of online prediction markets tied to Donald Trump Jr.
"Over the past year, Donald Trump Jr. has served as a strategic advisor to Kalshi and a large investor in Polymarket, while the Commodity Futures Trading Commission (CFTC)—the agency overseeing these firms—has acted as their ally, rather than their watchdog," the report says. "Both firms had actively lobbied Trump’s CFTC to block states from regulating prediction markets in the same way they regulate gambling companies."
Morgan Harper, director of policy and advocacy at the American Economic Liberties Project, called the report on Trump's corruption "a reminder that we cannot afford to look away or pretend that any of this is normal."
"The country," Harper added, "is not Trump’s to liquidate."
Molly Claflin, senior fellow at Groundwork Collaborative, made the case that Trump's corruption and the economic pain being felt by Americans are inseparable.
“As working families buckle under the weight of Trump’s high prices, the president is further driving up costs by abusing his position to direct taxpayer-funded kickbacks to his family and political allies," said Claflin. "His erratic policymaking is making daily life more expensive. Americans know they’re being ripped off and are demanding accountability."
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As US Drivers Suffer High Gas Prices, Big Oil Celebrates and Plans Big Payouts for Shareholders
"These companies want Americans to believe price spikes are simply the unavoidable result of global events, but their own executives are openly telling investors that volatility, conflict, and supply disruptions are good for business."
May 26, 2026
A Tuesday report from Groundwork Collaborative reveals how fossil fuel companies are not merely scoring windfall profits from President Donald Trump's illegal war with Iran, but also using that money to reward shareholders rather than providing relief to consumers.
The price of gas has soared since Trump attacked Iran without any congressional authorization in late February, going from an average of under $3 per gallon at the start of the war to $4.49 per gallon as of Tuesday.
As US drivers have paid more at the pump, however, fossil fuel firms have been concerned with paying out dividends and conducting stock buybacks expanding production to lower prices, Groundwork Collaborative's report finds.
Among other things, the report notes that ExxonMobil is on pace to deliver $20 billion worth of stock buybacks in 2026, even as CEO Darren Woods has insisted that the company's decisions on production will be "grounded in value, not volume."
Additionally, the report documents how Shell recently announced "another 5% dividend increase and more than $3 billion in buybacks," with CEO Wael Sawan describing the company's commitment to paying shareholders as "sacrosanct."
Chevron has pledged roughly $3 billion in quarterly stock buybacks, while also saying increasing dividends for shareholders is its "first and foremost" priority.
Chevron CFO Eimear Bonner, the report adds, recently revealed that the company has no plans to boost output in response to high energy prices, stating that "capital spending and production outlooks are consistent with previous guidance."
Lindsay Owens, executive director of Groundwork Collaborative, accused Big Oil of using Trump's illegal war as cover to keep prices high without taking any steps to reduce pain at the pump.
"These companies want Americans to believe price spikes are simply the unavoidable result of global events," said Owens, "but their own executives are openly telling investors that volatility, conflict, and supply disruptions are good for business. They are choosing buybacks over production, shareholder payouts over affordability, and corporate profiteering over the economic security of working families.”
The high fuel prices aren't being felt just in the US, but across the world.
Karthik Sankaran, senior research fellow at the Quincy Institute for Responsible Statecraft, explained in a Tuesday analysis how oil prices are hitting nations in the Global South particularly hard.
"A recent story in The New York Times described how the price for transporting corn into refugee camps in Somalia had doubled or even tripled, as had the price of water at diesel-powered public tubewells," Sankaran wrote. "Meanwhile, protests this week in Kenya against fuel price hikes have led to four deaths, and political and financial stresses are mounting across the continent."
Sankaran also pointed to problems in India, where "sharp jumps in the price of liquid petroleum gas have hit urban households hard, particularly those whose breadwinners work in small-scale industrial establishments."
Despite the actue global economic pain, energy experts who spoke with CNN on Tuesday expressed skepticism that the crisis would abate anytime soon, despite Trump's regular hyping of a deal to end the conflict.
Rory Johnston, an oil market researcher and founder of Commodity Context, told CNN that he wasn't buying optimism from commodities futures markets after Trump claimed to have made significant progress on an agreement with Iran.
"Nothing has fundamentally changed," Johnston said. "The strait remains closed."
Sultan Al Jaber, the CEO of Abu Dhabi National Oil Company, said that a deal to end the war wouldn't instantly bring energy prices back to where they were before the war began, estimating it could take months just to get 80% of the pre-war oil supply flowing through the Strait of Hormuz.
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Economic Pain 'Just Beginning' as Key Index Shows More Inflation From Trump's Iran War
"The only thing Trump has made great again is inflation," said Rep. Brendan Boyle.
May 13, 2026
Data released by the US Bureau of Labor Statistics on Wednesday showed continued upward pressure on prices, caused in large part by President Donald Trump's war with Iran.
The Producer Price Index (PPI), which measures wholesale prices paid by businesses, posted a year-over-year gain of 6% in April, the largest yearly increase since December 2022.
Energy prices, which have surged since Trump launched an unprovoked war with Iran in late February, played a large role in raising wholesale costs, as the report finds "more than three-quarters of the broad-based increase in April can be traced to a 7.8% jump in prices for final demand energy."
However, energy prices aren't solely responsible for rising wholesale prices, as the so-called "core" PPI, which excludes the costs of food and energy, posted a yearly increase of 4.4% in April, the largest since February 2023.
PPI is seen as an important gauge of future inflation for consumers, as companies typically pass the costs they pay for inputs onto consumers in the form of price increases.
As explained by Groundwork Collaborative in a social media post, the wholesale costs measured by PPI "are what companies pay before they jack up prices on the rest of us."
"What's in the pipeline now is headed straight for your grocery bill and gas tank," Groundwork Collaborative added. "The pain isn't over. It's just beginning."
CNN economics reporter Elisabeth Buchwald similarly predicted more hurt for US consumers in the coming months, arguing in a Wednesday article that a 6% increase in PPI shows "the pain will not be short-lived."
"Even if the United States were to reach a deal with Iran today, it would still take months for shipments of oil held up by the blockade of the crucial Strait of Hormuz to reach American soil," Buchwald explained. "And even then, it would likely be months—or potentially years—before Americans see gas prices return to levels before the war."
Wednesday's PPI report came one day after the Consumer Price Index showed that consumer prices in April rose by 3.8%, the largest yearly increase since May 2023.
Rep. Brendan Boyle (D-Pa.) reacted to the latest inflation data by ripping into the president's policy decisions, including the Iran war and the global trade war he started shortly after returning to office last year.
"The only thing Trump has made great again is inflation," Boyle, the ranking member of the House Budget Committee, wrote in a social media post. "His disastrous policies—from his tariff taxes to his war in Iran—are making life even more expensive. We shouldn't be surprised the guy who managed to bankrupt a casino isn't an economic mastermind."
Rep. Maxine Dexter (D-Ore.) linked the increased prices to Trump's desire to have Congress spend $1 billion of taxpayer money on his proposed White House ballroom.
"Oregonians need real relief from these high costs at the store and the pump," wrote Dexter. "We must stop the war in Iran and refuse to pay for presidential vanity projects. Oregon families want peace. They need a break, not a ballroom."
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No, Says Economist, March US Jobs Report 'Is Not Good'
"The latest jobs data show how President Trump's mismanagement of the economy—both domestically and internationally—is harming workers at home," said another expert.
Apr 03, 2026
As US Labor Secretary Lori Chavez-DeRemer on Friday declared that "America's economic comeback is on full display" and the country's "workers are winning again" due to what the business press and top newspapers called a "strong" March jobs report, some economists stressed the importance of looking beyond the topline figure and one month of data.
The US Bureau of Labor Statistics announced that employers added 178,000 jobs last month, with gains in construction, healthcare, and transportation and warehousing, and declines in the federal government. The unemployment rate fell slightly to 4.3%, with 7.2 million people officially jobless.
"Folks, today's jobs report is not good," declared Heidi Shierholz, president of the think tank Economic Policy Institute (EPI). She pointed to average job growth over the past two months, the reason for the drop in unemployment ("people leaving the labor force"), slowing wage growth, and the fact that "the effects of our war in Iran aren't even in these numbers yet."
EPI senior economist Elise Gould further explained those points on social media. Although the report "came in stronger than expected... much of the gain was a bounce back to February declines (now a loss of 133,000 jobs)," she said. "As a result, average monthly growth the last two months was only 22,500 jobs."
As far as the unemployment rate ticking down, "it's important to note that this happened for the 'wrong' reasons as both the labor force participation and the share of the population with a job also ticked down," Gould continued. "Job gains were strongest in healthcare as striking workers returned to work."
"Attacks on the federal workforce continue," she highlighted, with the sector down 18,000 jobs in March and 352,000 positions since January 2025, when President Donald returned to power. "The vital services federal employees provide cannot be done without these essential workers. The cost of these losses are only just beginning."
"Manufacturing rose 15,000 jobs in March, but still has a huge deficit since Trump took office. Since January 2025, the manufacturing sector has lost 82,000 jobs," the economist noted. "Wage growth has been slowing for the last few months, particularly driven by slower growth for production and nonsupervisory workers, roughly the lower 82% of the workforce."
Gould added that "we don't have the inflation data yet to show real wage changes in March, but slowing nominal wage growth coupled with rising prices from the Iran war almost surely means real wages will suffer, contributing to worsening affordability."
Trump and Israel launched their war on Iran at the end of February, and the new data is from the middle of March, so "the impact of the war and higher fuel prices will be limited" in this report, as Center for Economic and Policy Research co-founder Dean Baker acknowledged. "April could look considerably worse."
Breyon Williams, chief economist at another think tank, Groundwork Collaborative, said that "beyond today's headline bounce, the labor market continues to deteriorate under Trump's economic mismanagement: Hiring has ground to a halt, paychecks are shrinking, and workers are giving up on finding a job altogether. A single month of modest gains can't reverse the damage that the president has inflicted on working families."
A former senior Labor Department official who's now chief of policy programs at The Century Foundation, Angela Hanks, similarly asserted that "the latest jobs data show how President Trump's mismanagement of the economy—both domestically and internationally—is harming workers at home."
"While the topline rate does not yet reflect the war's impact on the job market, wage growth has stalled, and oil prices are skyrocketing, resulting in higher prices for consumers and threatening to weaken the job market," she noted. Specifically, according to a Thursday report from Democratic members of the congressional Joint Economic Committee, Americans spent an extra $8.4 billion at the gas pump in the first month of Trump's war.
"Families are already under tremendous pressure from rising prices, slowing job growth, and mounting debt as they struggle to make ends meet, and not seeing help on the way," said Hanks. "Families and workers across the country deserve leadership that puts them first and works to make living a fulfilling life affordable for everyone. Instead, they're stuck with leaders in Washington more focused on needless and damaging wars and slashing the safety net to pay for them."
After passing a 2025 budget package that gave the rich more tax breaks by slashing over $1 trillion from the safety net, including food assistance and Medicaid—which is expected to leave millions of Americans without health insurance—congressional Republicans are considering more healthcare cuts to fund Trump's war. The Pentagon has asked for at least $200 billion for Iran, and more broadly, the president wants an unprecedented $1.5 trillion in military spending for the next fiscal year.
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Poll Shows Most in US Know Corporate Greed Is to Blame for Energy Affordability Crisis
Sixty percent of respondents blamed the energy demand of large users like AI data centers for higher household electricity costs.
Mar 18, 2026
It's been two weeks since Big Tech companies gathered at the White House to sign a nonbinding pledge saying they will not pass on higher utility costs to consumers as the rapid build-out of energy-intensive artificial intelligence data centers sends electricity bills skyrocketing—but polling out Wednesday showed a majority of Americans reject President Donald Trump's plan to leave corporations responsible for tackling the affordability crisis.
Those same companies, said most respondents to a survey by Data for Progress and Groundwork Collaborative, are responsible for higher costs that have hit households across the country, and can't be trusted to ensure life is more affordable for families.
Instead, said 61% of respondents, "cracking down on price gouging" from both utility and energy companies would be the most effective way to lower the cost of electricity. In comparison, just 35% said building more energy infrastructure to meet demands was the answer to high costs.
While Trump has been forced in recent weeks to acknowledge that "energy demands from AI data centers could unfairly drive up" people's energy costs, as he admitted in his State of the Union address while announcing AI companies would sign his "ratepayer protection pledge," the president has largely deflected blame regarding the affordability crisis—or denied its existence altogether.
Trump claimed at a rally in Kentucky last week that "the economy is roaring back," even as his $1 billion-per-day, unprovoked war on Iran inflamed tensions across the Middle East and drove up oil prices.
Groundwork said in its analysis of the poll that following Trump's announcement of the ratepayer protection pledge, "Americans reject this reliance on corporations to do the right thing."
Elizabeth Pancotti, managing director of policy and advocacy for Groundwork Collaborative, said that "utility prices are up and consumers know the truth: These price increases are being driven by corporate greed and unchecked AI data center growth."
Trump has pushed to accelerate the construction of new data centers by fast-tracking the permitting process.
Two-thirds of those surveyed said their monthly electricity payments have gone up in the past year, with nearly a quarter of respondents saying they had increased by "a lot." More than 40% of people said they are now paying between $101-$200 per month for electricity.
As Common Dreams reported last November, Trump's demand for AI companies to build massive, energy-sucking data centers in communities across the US has been linked to rising costs of consumers, with the average overdue balance on utility bills surging by 32% in the last three years and states with high concentrations of AI data centers seeing electricity prices skyrocket by as much as 16% from 2024-25.
Sixty percent of respondents told Data for Progress and Groundwork Collaborative that the energy demand of large commercial users like AI data centers is to blame for higher consumer prices, and the same percentage of people also blamed high compensation for utility company executives. Sixty-three percent of those polled said high profits for utility companies and their investors were to blame.
Joint Economic Committee Democrats revealed Tuesday that the average annual US electric bill increased by $110 last year.
A 2022 analysis by Accountable.US found that the nine largest US energy utility companies raked in nearly $14 billion in combined profits in the first three quarters of that year and handed out $11 billion to shareholders while tens of millions of households struggled with rising utility bills.
Nearly 60% of the 1,149 people polled by the two progressive think tanks also said the public sector must take a leadership role on providing energy, "because the public sector doesn't collect profits and can pass on savings to customers," and 60% said the public sector should be responsible for upgrading and modernizing the electric grid because it is a "public resource that should serve all Americans equally, not generate profits for shareholders."
Alex Jacquez, chief of policy and advocacy for Groundwork and a former Biden administration official, said the poll revealed that "the people believe in public power."
The groups also polled respondents on their opinions of "energy superusers," including cryptocurrency companies, AI data centers, and AI firms.
Crypto companies were the least popular, with 54% disapproving compared to 26% who approved. Voters disapproved of AI data centers by a 16-point margin and AI companies in general by an 8-point margin.
Nearly two-thirds said they believe new AI data centers would raise their energy costs, and voters across the political spectrum opposed new data centers in their communities.
Grassroots efforts have taken off in states including Michigan, Wisconsin, and New Jersey as community members have rejected the construction of data centers on the grounds that they would consume massive amounts of water as well as electricity, threaten jobs, and take up space that could otherwise be used for affordable housing and small businesses.
"Voters feel ripped off by the corporations who hold their utilities hostage and are calling on lawmakers to put an end to the profiteering racket," said Pancotti. "It’s time for regulators and policymakers to answer the call to protect working families from predatory utility corporations and Big Tech.”
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'Dismal' Employment Report Shows Trump Economy Lost 92,000 Jobs in February
“Month after month, the data shows Donald Trump’s economy is failing American families.”
Mar 06, 2026
President Donald Trump's self-proclaimed "greatest" economy in history took another major blow on Friday as the US Bureau of Labor Statistics revealed that the American economy lost 92,000 jobs in February.
Heather Long, chief economist at Navy Federal Credit Union, described the report as "dismal," while noting that the US economy as a whole has actually lost jobs since Trump announced his "liberation day" global tariffs in April 2025.
"Total job gains since from May 2025 to February 2026 are now -19,000," she wrote. "Companies are not hiring in the face of all of these headwinds and uncertainty. And even healthcare is starting to slow down."
University of Michigan economist Justin Wolfers argued that "the economic story just changed dramatically" because of the jobs report, which also showed downward revisions to the estimated jobs created in December and January.
"Recession questions are back on the menu," he said.
Mike Konczal, senior director of policy and research at the Economic Security Project, zeroed in on the surprise loss of healthcare jobs in February as particularly concerning given that healthcare has been the lone industry to consistently add jobs in recent months.
"This is the first month in years where healthcare jobs went negative, really changing the dynamic," he said. "Cuts to Medicaid, cuts to ACA... suddenly the thing that was 187% of private jobs since liberation day, holding it together, may be giving out?"
Rep. Brendan Boyle (D-Pa.), ranking member of the House Budget Committee, said that the terrible jobs report was a direct reflection of Trump's economic mismanagement.
"Month after month, the data shows Donald Trump’s economy is failing American families," Boyle said. "The job market is weakening, costs remain high, and Trump’s illegal tariff taxes continue to hurt businesses and workers. Trump and his allies in Congress know their agenda isn’t working. Instead of helping working families, they are pushing more tariff taxes and more tax breaks for billionaires. It is clear Republicans in Washington simply do not care about working families."
Alex Jacquez, chief of policy and advocacy at Groundwork Collaborative, declared that "the deterioration in the labor market is visible from space," and pinned the blame on "Trump’s reckless economic agenda."
"As the president piles on blanket tariffs and oil prices soar," Jacquez said, "today's report confirms he's sent the economy straight into a stagflation spiral."
University of Pennsylvania economist Heather Boushey said weakness in the US economy had been evident for several months, although Friday's jobs report showed the largest job losses of any month during Trump's second term.
"Today's data should not come as a shock as there have been signs of weakening in the US labor market for quite some time," she said. "The Trump administration’s focus on undermining the US economy rather than investing in America may be coming home to roost."
Daniel Hornung, policy fellow at the Stanford Institute for Economic Policy Research, said that the bad jobs report will make things even harder for the US Federal Reserve when it comes to making interest rate cut decisions.
"This morning’s report... comes at a difficult moment, with inflation still above target and an oil price shock threatening to raise inflation further," Hornung said. "The report complicates the Fed’s efforts to keep both unemployment and inflation low, and it makes it difficult for the [Trump] administration to argue heading into the midterms that their policies are leading to the kind of growth or improvement in living standards that they’ve long promised."
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