‘That’s Trump’s economy’: Dem senator torches admin as unemployment hits four-year high

Sen. Elizabeth Warren (D-MA) hammered President Donald Trump on Saturday citing “new data” that showed unemployment to have reached a four-year high.

“NEW DATA: in November, the unemployment rate rose to the highest level since September 2021,” Warren wrote Saturday in a social media post on X. “That’s Trump’s economy.”

Unemployment ticked up in November to 4.6%, the single-highest rate seen in more than four years, according to the most recent report from the Bureau of Labor Statistics. Coupled with recent data showing a significant slowing in job growth, economists have expressed “significant concerns” over the state of the economy.

In response, Trump has raged at the media for its coverage of his own administration’s jobs data, claiming the American economy to be “the greatest economy in history,” and attacking media outlets for misrepresenting the unemployment rate, which he blamed on his own administration’s axing of federal workers.

“I could reduce Unemployment to 2% overnight by just hiring people into the Federal Government, even though those Jobs are not necessary,” Trump wrote in a recent online post on his social media platform Truth Social. “I wish the Fake News would report the 4.5% correctly. What I am doing is the only way to, MAKE AMERICA GREAT AGAIN!"

Another factor in economists’ fears of a market crash is the staggering investments into artificial intelligence, investments that now make up about a third of the value of the entire stock market. Nevertheless, Trump has leaned heavily into supporting the AI industry, including by signing an executive order to block states from enacting regulations around the technology.