Neal Statement on March 2025 Jobs Report

SPRINGFIELD, MA— Ways and Means Committee Ranking Member Richard E. Neal (D-MA) released the following statement on the U.S. Bureau of Labor Statistics (BLS) March 2025 jobs report:

“Unemployment is rising, and this seems to be the last report buoyed by Democrats’ blockbuster job creation. Recession odds are getting higher by the day as Trump plagues our economy with the largest tax hike in decades. Wages would need to skyrocket for the people to weather Trump’s higher prices and needless uncertainty. This report doesn’t yet reflect the dangerous firings of thousands of public servants or the layoffs that started hours after he announced the Trump Tariff Tax. This administration is ruling through the lens of billionaires—sacrificing workers’ paychecks, destroying trillions of dollars in savings and retirement wealth, readying more than $7 trillion in tax giveaways to primarily benefit the rich, all to bring down interest rates, and ultimately, pad their own pockets.

“The Trump Tariff Tax is barreling the nation toward the Trump Recession, and more harm is on the way as our allies retaliate. He’s permanently damaging our economy, destroying people’s plans for retirement, education, and putting buying a new car or home even further out of reach. The Trump economy is quickly becoming the laughingstock of the world, and for what? It’s an utter betrayal of the American people.”

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