Latest news with #EconomyHateWatch
Yahoo
3 days ago
- Business
- Yahoo
Send This To Your Grandma, Dad, Or MAGA-Supporting Family When They Ask You How Trump's Economy Is Going
Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Hi there, my name is Alexa, and for each month of Donald Trump's presidency, I'm tracking the real numbers achieved by his administration on BuzzFeed. (AKA, the unemployment rate, cost of eggs, gas prices, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump's overall approval rating.) View this photo on Instagram Why am I doing this? Because Trump and his campaign positioned itself, and perhaps largely won on, being the "economy vote" — a title that seems ironic now as his global tariff war seems to be hurtling us straight toward a recession... ...and significantly steeper prices. All of which, Trump referred to as a "transition period" when pressed about how his tariffs could financially hurt Americans — a far cry from his original campaign promise to 'immediately bring prices down, starting on Day One.' So without further ado, here's how Trump's April played out: Note: Data on inflation is released a few weeks after each month has ended, so our reports will look at the previous month's numbers. Unemployment has been sneaky under the Trump administration. As everyone is understandably busy arguing about tariffs and the rising cost of living, absent are larger conversations about unemployment. Perhaps we've all been desensitized following the mass government layoffs earlier this year. Regardless, April saw unemployment stand firm at a raised 4.2%, according to the US Bureau of Labor Statistics. Related: 18 Major Global Events That American Media Is Ignoring Right Now, And Why They Actually Matter To Us As a professional doomscroller, I find laughs in odd places, including in this clip of Trump saying, "You can have all the eggs you want. We have too many eggs. In fact, if anything, the prices are getting too low." If you've been to any grocery store, then you KNOW that eggs are STILL wayyyy more expensive than they used to be. Long gone are the days of a $2.99 carton of 12 eggs. Instead, carts hosted a dozen eggs for an average of $5.12 a pop. Trump: "You can have all the eggs you want. We have too many eggs. In fact, if anything the prices are getting too low." — Aaron Rupar (@atrupar) April 18, 2025 Newsmax / Twitter: @atrupar Gas hasn't changed too much throughout Trump's presidency so far. On average, it's continued to fall around the $3.20 mark, with this month clocking in at about $3.299 per gallon according to the US Energy Information Administration. Related: "I Am So Torn With What You Are Doing" — 11 Posts From MAGA Business Owners Who Are So Close To Getting It Hey! Some good news! Inflation has fallen for the third month in a row. CNBC reports an inflation rate of 2.3% in April (but you might not be feeling it, as tariff surcharges tack extra fees on to your regular shopping). YIKES. YIKES. YIKES. At the beginning of April, data showed that Trump's stock market had one of the worst starts under any president since 1950. Following Trump's "Liberation Day" and tariff policies, the market became so volatile that Wikipedia now has an official 2025 Stock Market Crash page. So it should come as no surprise that the Dow Jones fell once again in April — this time by 2.9% according to Statmuse. Trump's first 100 days have passed, and still no stimmy in sight. There were, however, reports that the Trump administration was reportedly considering offering Americans a $5,000 baby bonus to help increase birth rates in the US. That's about $277.78 a year! I'm sure that'll help cover the rising cost of childcare, food, rent, college, extracurriculars, healthcare, and everything else that comes with raising a child. *Sarcasm overload* And finally, we have Trump's approval rating. In April alone, Gallup put his rating at 44%. BUT! If you're looking at the approval rating for his first 100 days in office overall, the number dips to 40%, according to the Pew Research Center. Either way, more than half of the country is not satisfied. Those are our stats for April. Now, let's look at comments we received on our last edition in a little section I like to call ✨Comment Corner✨. Comment Corner #1: I love when y'all give me assignments. As a base number, Biden closed out his final full month as president in December with 100% ground beef costing an average of $5.58 per pound in the US, according to the US Bureau of Labor Statistics. Trump's numbers (including his 10ish days in January) so far are: January 2025: $5.50 per pound February 2025: $5.74 per pound March 2025: $5.85 per pound April 2025: $6.00 per pound Comment Corner #2: Hi! You must be new here. This report is meant to serve as a log of Trump's entire second-term presidency from Day One. I didn't set out thinking a country's entire economy could be perfected in a few months. I also didn't set out believing a few months was all Trump would need to put the US at a "very high" risk of recession, according to leading economists. A recession hurts us all. I am far from giddy watching my grandfather continuously tack on more years of work despite being far past retirement age. It's an ever-more common experience, and one I hope future generations can avoid. But we're not exactly trending in that direction. Comment Corner #3: I am always at your service. 🫡 See y'all next month! Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Also in In the News: People Can't Believe This "Disgusting" Donald Trump Jr. Post About Joe Biden's Cancer Diagnosis Is Real Also in In the News: Miss USA's 2024 "National Costume" Has Been Revealed, And It's Obviously An Interesting Choice Also in In the News: One Body Language Expert Spotted Something Very Telling When Donald Trump "Held His Own Hand" At His Recent Press Conference
Yahoo
3 days ago
- Business
- Yahoo
Send This To Your Grandma, Dad, Or MAGA-Supporting Family When They Ask You How Trump's Economy Is Going
Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Hi there, my name is Alexa, and for each month of Donald Trump's presidency, I'm tracking the real numbers achieved by his administration on BuzzFeed. (AKA, the unemployment rate, cost of eggs, gas prices, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump's overall approval rating.) View this photo on Instagram Why am I doing this? Because Trump and his campaign positioned itself, and perhaps largely won on, being the "economy vote" — a title that seems ironic now as his global tariff war seems to be hurtling us straight toward a recession... ...and significantly steeper prices. All of which, Trump referred to as a "transition period" when pressed about how his tariffs could financially hurt Americans — a far cry from his original campaign promise to 'immediately bring prices down, starting on Day One.' So without further ado, here's how Trump's April played out: Note: Data on inflation is released a few weeks after each month has ended, so our reports will look at the previous month's numbers. Unemployment has been sneaky under the Trump administration. As everyone is understandably busy arguing about tariffs and the rising cost of living, absent are larger conversations about unemployment. Perhaps we've all been desensitized following the mass government layoffs earlier this year. Regardless, April saw unemployment stand firm at a raised 4.2%, according to the US Bureau of Labor Statistics. Related: 18 Major Global Events That American Media Is Ignoring Right Now, And Why They Actually Matter To Us As a professional doomscroller, I find laughs in odd places, including in this clip of Trump saying, "You can have all the eggs you want. We have too many eggs. In fact, if anything, the prices are getting too low." If you've been to any grocery store, then you KNOW that eggs are STILL wayyyy more expensive than they used to be. Long gone are the days of a $2.99 carton of 12 eggs. Instead, carts hosted a dozen eggs for an average of $5.12 a pop. Trump: "You can have all the eggs you want. We have too many eggs. In fact, if anything the prices are getting too low." — Aaron Rupar (@atrupar) April 18, 2025 Newsmax / Twitter: @atrupar Gas hasn't changed too much throughout Trump's presidency so far. On average, it's continued to fall around the $3.20 mark, with this month clocking in at about $3.299 per gallon according to the US Energy Information Administration. Related: "I Am So Torn With What You Are Doing" — 11 Posts From MAGA Business Owners Who Are So Close To Getting It Hey! Some good news! Inflation has fallen for the third month in a row. CNBC reports an inflation rate of 2.3% in April (but you might not be feeling it, as tariff surcharges tack extra fees on to your regular shopping). YIKES. YIKES. YIKES. At the beginning of April, data showed that Trump's stock market had one of the worst starts under any president since 1950. Following Trump's "Liberation Day" and tariff policies, the market became so volatile that Wikipedia now has an official 2025 Stock Market Crash page. So it should come as no surprise that the Dow Jones fell once again in April — this time by 2.9% according to Statmuse. Trump's first 100 days have passed, and still no stimmy in sight. There were, however, reports that the Trump administration was reportedly considering offering Americans a $5,000 baby bonus to help increase birth rates in the US. That's about $277.78 a year! I'm sure that'll help cover the rising cost of childcare, food, rent, college, extracurriculars, healthcare, and everything else that comes with raising a child. *Sarcasm overload* And finally, we have Trump's approval rating. In April alone, Gallup put his rating at 44%. BUT! If you're looking at the approval rating for his first 100 days in office overall, the number dips to 40%, according to the Pew Research Center. Either way, more than half of the country is not satisfied. Those are our stats for April. Now, let's look at comments we received on our last edition in a little section I like to call ✨Comment Corner✨. Comment Corner #1: I love when y'all give me assignments. As a base number, Biden closed out his final full month as president in December with 100% ground beef costing an average of $5.58 per pound in the US, according to the US Bureau of Labor Statistics. Trump's numbers (including his 10ish days in January) so far are: January 2025: $5.50 per pound February 2025: $5.74 per pound March 2025: $5.85 per pound April 2025: $6.00 per pound Comment Corner #2: Hi! You must be new here. This report is meant to serve as a log of Trump's entire second-term presidency from Day One. I didn't set out thinking a country's entire economy could be perfected in a few months. I also didn't set out believing a few months was all Trump would need to put the US at a "very high" risk of recession, according to leading economists. A recession hurts us all. I am far from giddy watching my grandfather continuously tack on more years of work despite being far past retirement age. It's an ever-more common experience, and one I hope future generations can avoid. But we're not exactly trending in that direction. Comment Corner #3: I am always at your service. 🫡 See y'all next month! Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Also in In the News: People Can't Believe This "Disgusting" Donald Trump Jr. Post About Joe Biden's Cancer Diagnosis Is Real Also in In the News: Miss USA's 2024 "National Costume" Has Been Revealed, And It's Obviously An Interesting Choice Also in In the News: One Body Language Expert Spotted Something Very Telling When Donald Trump "Held His Own Hand" At His Recent Press Conference
Buzz Feed
3 days ago
- Business
- Buzz Feed
Keeping Track Of Trump's Economy: April 2025
Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Hi there, my name is Alexa, and for each month of Donald Trump's presidency, I'm tracking the real numbers achieved by his administration on BuzzFeed. Why am I doing this? Because Trump and his campaign positioned itself, and perhaps largely won on, being the "economy vote" — a title that seems ironic now as his global tariff war seems to be hurtling us straight toward a recession... ...and significantly steeper prices. All of which, Trump referred to as a "transition period" when pressed about how his tariffs could financially hurt Americans — a far cry from his original campaign promise to 'immediately bring prices down, starting on Day One.' So without further ado, here's how Trump's April played out: Those are our stats for April. Now, let's look at comments we received on our last edition in a little section I like to call ✨Comment Corner✨. Comment Corner #1: I love when y'all give me assignments. Comment Corner #2: Hi! You must be new here. This report is meant to serve as a log of Trump's entire second-term presidency from Day One. I didn't set out thinking a country's entire economy could be perfected in a few months. Comment Corner #3: I am always at your service. 🫡 Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update.
Yahoo
01-05-2025
- Business
- Yahoo
Send This To Your Grandma, Dad, Or MAGA-Supporting Family When They Ask You How Trump's Economy Is Going
Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Hi there, my name is Alexa, and for each month of Donald Trump's presidency, I'm tracking the real numbers achieved by his administration on BuzzFeed. (AKA, the unemployment rate, cost of eggs, gas prices, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump's overall approval rating.) View this photo on Instagram Why am I doing this? Well, three months ago I said it's because Trump and his campaign positioned itself, and perhaps largely won on, being the "economy vote" — a title that seems ironic now as we appear to be hurtling straight toward a recession. Now, I'd like to add an amendment to the margin: "Calling out the gaslighting." Because, if you didn't know, our 78-year-old commander in chief has been claiming "groceries are down" in price and that tags on eggs, specifically, have dropped "87 percent." One look at your latest re-stock receipt, I'm sure, is likely to tell a different story — and so, too, will the data in this report. Trump: Grocery prices have come down. Just two months ago when I was with you, people were complaining about the cost of eggs, but now they're down 87%. So, we did a great job. — Simon Hulbert, CFA, Ph.D. (@DrSimonhulbertt) April 24, 2025 CNN / Twitter: @DrSimonhulbertt Regardless of who is sitting in the Oval Office — whether they pledge to lower grocery prices and end wars on day one or not — I think we can all agree that holding candidates-turned-presidents accountable for their promises is important. And if the numbers turn in Trump's favor, I'll continue to report on it and cheer for a thriving economy. So without further ado, here's how Trump's March played out: Note: Data on inflation is released weeks after each month has ended, so our reports will look at the previous month's numbers. Considering the Trump administration's mass government layoffs affected over 60,000 federal workers, I admittedly expected a larger increase in unemployment; however, it may simply be too soon to tell, as those former employees enter the pool of 7.1 million Americans out of work. Unemployment hovered around the 4% mark throughout Biden's last month as president and Trump's first few weeks, but it's officially bumped up to 4.2% under Trump in March. Related: Donald Trump Supporters Are Waking Up To The Reality Of Their Ballot Choices, And The Stories Are A Loooooot Who knew 2025 would be marked as the year we all learned EXACTLY how often we use eggs? My local store's price seemingly refuses to dip below $8.99 per carton of 12, but the national average jumped from $5.90 in February to $6.23 in March. Unfortunately, the US Agriculture Department predicts the price of eggs can increase by more than 40% this year. Perhaps a larger necessity than eggs, the price of gas has seen a month-over-month increase as well. For all the commuters out there, your pockets have likely felt a little lighter as the US Energy Information Administration reports March gas prices were about $3.223 on average. Related: Donald Trump Supporters Are Losing Their Minds Over The New Trump Tariffs, And It's Exactly The Meltdown We All Saw Coming Look, our first bit of good news! As the world braces against the back-and-forth of global tariffs, it seems the economy has to budge on something. Luckily, that something appears to be inflation, which dropped from 2.8% in February to 2.4% in March. (Although I hate to act as the Ghost of Inflation's Future, experts say any progress made in inflation is at risk as the end of Trump's 90-day tariff pause looms.) Well, well, well. Trump's first 50 days crafted a podium-worthy debut as he experienced one of the worst stock market starts for a president since 1950. Previously, the 4.42% gain seen as a new president was ushered in during January has since fallen by 1% in February and seen an even more drastic drop of 4.3% in March. And if you're sitting there thinking, "Hmmmm, somehow I expected it to be worse, considering all the retirement account ruckus," hold on to your hat! March only accounts for the initial trade war fallout. The April dip is DIPPING. (I'm furiously writing next month's edition as we speak). No, there is still no chat of a stimulus check. But hey! The Department of Education recently announced that it will start referring student loans that have gone into default to collections beginning May 5. So that's bound to help struggling Americans, right? ... Right? And finally: According to Gallup, Trump's approval rating took another dip. This time, it sat at 43% in March. I wonder how rising costs will affect this in April? Those are our stats for March. Now, let's look at comments we received on our last edition in a little section I like to call ✨Comment Corner✨. Comment Corner #1: It's a bit trickier than Biden vs. Trump's fault when it comes to our current economy: As with every president, Joe Biden inherited Donald Trump's economy when he walked into the 2021 White House doors. We were in the throes of COVID-19, the unemployment rate was 6.4%, but gas prices had previously fallen as people feared leaving far from home and commuted less before return-to-office orders. At the same time, businesses also shuttered. It was all very new and strange. By the time Joe left —shortly after the US government officially declared an end to the COVID-19 pandemic — he had become the first US president to see monthly gains in employment throughout his entire presidency, and unemployment saw a 54-year low in 2023. However, it's undeniable that his presidency also saw inflation, inflation, inflation. And just as Trump's lower cost of living can be partially attributed to the pandemic's aftershock, so, too, can the later call-and-response rise in cost of living, experts say. TLDR: The pandemic partially caused wins and losses for both Trump and Biden. We saw what Biden did with what Trump gave him — now it's time to see how Trump handles the good and bad of his inheritance. Comment Corner #2: While I'm certainly not a pro-economist, J.P. Morgan recently raised the US's odds of entering a recession in 2025 from its previously predicted 40% to 60%. It's daunting — especially if you, like me, can't help but doomscroll. To help, BuzzFeed spoke to finance influencer Tori Dunlap on how to prepare for hard times. And if you'd like a little real-world application with a dash of humor, here are some unhinged ways people say they saved money during the 2008 recession. Comment Corner #3: Shoutout to my fellow economy hate-watchers who inspired us to turn these reports into a newsletter, delivered right to your inbox so you never miss a post. Subscribe to our monthly report here. See you next month! Also in In the News: "Honestly Speechless At How Evil This Is": 26 Brutal, Brutal, Brutal Political Tweets Of The Week Also in In the News: Everyone Is Absolutely Losing It Over This Canadian Newspaper Mocking Donald Trump Also in In the News: People Are Obsessed With Pope Francis's Final, Resounding Message To JD Vance After His Visit To The Vatican
Yahoo
03-04-2025
- Business
- Yahoo
Send This To Your Grandma, Dad, Or MAGA-Supporting Family When They Ask You How Trump's Economy Is Going
Want to know if Trump's economy is actually doing as well as he promised? Subscribe to the Economy Hate Watch newsletter and never miss our monthly update. Hi there, my name is Alexa and for each month of Donald Trump's presidency, I'll be tracking the real numbers achieved by his administration. (AKA, the unemployment rate, cost of eggs, gas prices, inflation, the Dow Jones, whether citizens received a stimulus check, and Trump's overall approval rating.) Why am I doing this? Because Trump and his campaign positioned itself, and perhaps largely won on, being the "economy vote" — a title that seems ironic now as we seem to be hurdling straight toward a recession. On day one of his presidency, Trump was meant to lower the price of groceries for US citizens. That was the 78-year-old's campaign promise. Instead, prices are expected to rise under looming tariffs, people's retirement accounts are tanking, and taxpayer's feelings about the economy has reached a 12-year low. So I'm taking a closer look. And for anyone new to this report — yes, I'm being a hater. Pocket-watching the Trump economy is truly some hater-type shit. But at the same time, holding candidates-turned-presidents accountable for their promises is important. And if the numbers turn in Trump's favor, I'll continue to report on it and cheer for a thriving economy. So without further ado, here's how Trump's February played out: Note: Data on inflation is released a few weeks after each month has ended, so our reports will look at the previous month's numbers. Unemployment: Trump closed out his first calendar month in office with an unemployment rate of 4% in January 2025. (Yes, he wasn't in office for the full month of January, but it's important to include this figure as a base number.) In February, unemployment bounced up to 4.1%. However, it's important to note that the Labor Department released this data BEFORE DOGE's sweeping layoffs. That will be included in next month's report. Eggs: Rounding out the end of 2024, the average price of a dozen grade-A eggs was $4.15 in December. Last month we reported the average cost of eggs per city. Now, the Consumer Price Index revealed the average cost for a dozen grade-A eggs in the US overall was $4.95 in January and $5.90 in February. Unfortunately, the US Agriculture Department predicts the price of eggs can increase by more than 40% this year, and I'll likely never bake my famous lemon cupcakes again. Gas: News for the gas guzzlers, here. The average price of gas in December 2024 was approximately $3.139 versus January 2025's $3.196, according to the US Energy Information Administration. And now we're looking at a slightly smaller number in February: $3.12. Inflation: I'm sure you're not surprised to hear that inflation is on the rise. Year over year, inflation rose 2.9% in December 2024 versus 3% in January 2025. BUT! In our first round of good news so far, inflation eased to 2.8% in February. Dow Jones: Back to bad news. (Come on, you didn't really expect it to last long, did you?) The Dow Jones Industrial Average is continuing its endless game of yo-yo. As a reminder, the average fell by about 5.3% in December 2024 and rose 4.42% in January 2025, according to statmuse. But then it fell again — this time by 1% in February. Stimulus Check: Did you get a stimmy in January? Nope. Nada. Zilch. February? Still nothing. Please put your hands away. And finally, Trump's Approval Rating: In January 2025, Trump's approval rating was 47%, making him the only elected president dating back to 1953 with an initial approval rating below 50 percent, the Guardian reports. And guess what? It managed to drop even lower. Yup, we're seeing 44% for February. Those are our stats for February. Now, let's look at comments we received on our last edition in a little section I like to call ✨Comment Corner✨. Comment Corner #1: I agree. We're on the frontier of Trump's economy and discovering how his actions will shape it — and one of the best ways to see how things change over time is by tracking the numbers from their beginning. Noting any damage done by a president doesn't inherently make anyone a hater. Doing so, in fact, is important regardless of which party is in power or who serves in office. BUT, when *I* do it, *I* am being a hater. 😈 Comment Corner #2: This person asked for a summary at the end of each post for those who love to hate but hate to doomscroll. Here's your TLDR for February: Unemployment and egg prices are up; inflation is down, but so is the Dow Jones and Trump's approval rating. Gas loosened a tiny bit. Comment Corner #3: Shoutout to my fellow economy hate-watchers who inspired us to turn these reports into a newsletter, delivered right to your inbox so you never miss a post. Subscribe to our monthly report here. See ya next month!
