On April 27, as part of his ‘Bonanza for America’ post, Trump took to ‘Truth’ Social to stretch the truth about how well the US economy has responded to his policy decisions.

He wrote in the post that “massive numbers of jobs are already being created, with new plants and factories currently being built or planned.”

Unfortunately for Trump, just two short days later, the economic release from the U.S. Bureau of Labor Statistics showed there actually are not a ‘massive number of jobs’ being created.

In the United States, job openings in March fell to a six-month low of just 7.2M, far below the previous month of 7.6M and estimates which had pegged March openings at 7.5M.

Business concerns around ongoing trade wars and the impact of Trump’s chaotic tariff policies continue to leave employers wary of new hiring and job creation.

Investing in new labor is hard when you don’t know what is coming next from this Administration.

Furthermore, unemployment rates were higher in March in 279 of the 387 metropolitan areas than a year earlier. The national unemployment rate in March was 4.2 percent, not seasonally adjusted, up from 3.9 percent a year earlier.

Not exactly a ‘bonanza of jobs.’

Complicating the matter further, consumers are growing increasingly wary and concerned about their ability to buy essentials.

 The consumer-confidence index sank to 86 in April, the lowest level not seen since the depths of the pandemic.

Economists polled by the Wall Street Journal had forecast the index to come in at 87.3 for April, down from the initial March reading of 92.9.

Consumer confidence is dropping fast.

April marked the fifth straight month of decline for consumer confidence – essentially, ever since Trump took office, consumers have been becoming more pessimistic.

If consumers start pulling back more and stop spending, that will further increase the likelihood of rising unemployment.

As companies’ revenues decline, retaining, let alone creating new positions, is more difficult.

Ultimately, while the President continues to spin the ‘truth’ on social media, companies and consumers are left to deal with the reality of a worsening economy.