Bloomberg is now saying that job loses since Trump took office are over 500,000.

Recent reports from credible sources including Bloomberg, The New York Times, and the Bureau of Labor Statistics indicate that the U.S. Economy added only 73,000 jobs in July 2025, with downward revisions totaling approximately 258,000 jobs for the prior two months. These revisions reflect weaker job growth than initially reported but do not directly translate into cumulative job losses exceeding 500,000 since President Donald Trump took office in January 2025.

Additionally, federal mass layoffs under the current administration have been significant, with over 275,000 federal civil service layoffs announced as of mid-2025; however, these figures do not encompass all sectors of the economy. Other data points show American-born job gains outpacing losses among immigrant workers, suggesting a complex labor market picture rather than a straightforward net loss of over half a million jobs.

Therefore, while there is evidence of economic challenges and some job losses in specific areas, the claim that total job losses since Trump’s inauguration exceed 500,000 is an overstatement or misinterpretation of available data.