As Americans prepare to celebrate summer, one statistic has the nation reeling.
It shows that nearly half of all jobs lost during the Trump administration were in industries that Trump has repeatedly vowed to shut down.
The Labor Department released new jobs data Thursday showing the number of jobs gained since Trump took office has dropped.
But that figure was below what the administration had predicted, a big disappointment to Republicans who have accused the White House of waging a “fake news” campaign to portray job losses as a “death spiral” caused by Trump’s policies.
The data also showed that more than 1 million jobs were created last year, with the largest increase in retail, service and manufacturing.
It also shows that the number working part-time rose in July from the previous month.
The Labor Department says the new figures show that most people who had been working full-time before were working full time again.
“There’s a big difference between jobs created and jobs lost,” said Robert Shiller, chief economist at TD Ameritrade in New York.
“The loss of the jobs of the past two months was much more than the gains.”
The job losses reflect a steady decline in the number who have a bachelor’s degree or higher.
The unemployment rate is at 4.9%, its lowest since late March.
The numbers show a sharp slowdown in manufacturing, where manufacturing and manufacturing jobs were both in decline during the recession.
It’s also a marked contrast to the jobs lost in the financial sector, which expanded during the crisis and has since grown.
More:The number of manufacturing jobs increased by nearly 400,000 during the second quarter of this year, but by only 2.4% compared with the same period a year earlier, the data showed.
The number of construction jobs also rose, by 5.6% compared to a year ago.
In retail, the largest sector, the number at risk of losing jobs rose by about 10% last year.
The total number of employees at brick-and-mortar retailers has dropped by more than 40,000 since the start of the year, and the number hired fell by nearly 13% last month.
“That’s a pretty big decline in retail.
It suggests the number has been growing for a while, but it’s a much larger decline,” Shiller said.
The Census Bureau said the increase in manufacturing jobs came mostly from companies that shifted from manufacturing to other services, such as hospitality, healthcare and food services.
The number at large was up by about 1.5 million in retail jobs.
The manufacturing sector lost about 765,000 manufacturing jobs last year from the end of the recession to July of this season, according to the Bureau of Labor Statistics.
That compares with a loss of 1.4 million jobs during the same time period in 2015.
The new data comes as the Trump White House has pushed for a new tax plan that would lower the top tax rate to 20% and give $2,000 to every household that earned $1,000 or more.
The plan has been met with fierce criticism by Democrats and many Republicans.
The White House also is calling for a plan that gives more money to companies that have been profitable for decades, such the automobile and software industries.