In a statement, U.S. Senate Committee on Banking, Housing and Urban Affairs Ranking Member Elizabeth Warren said monthly job growth has averaged fewer than 40,000 since President Donald Trump took office, compared with 120,000 in 2024, while wage growth has fallen to a five-year low and tariffs and the war in Iran are raising costs.
2026-09-04U.S. Senate Committee on Banking, Housing and Urban Affairs
U.S. Senate Committee on Banking, Housing and Urban Affairs ranking member Warren criticizes slowing job and wage growth
Committee Ranking Member Elizabeth Warren criticized the Trump administration’s economic record, citing monthly job growth below 40,000, slowing wages and rising costs.