WASHINGTON – The Joint Economic Committee – Minority today released a new analysis showing that the manufacturing industry lost 108,000 jobs during the first year of President Trump’s second term. This new estimate shows that the manufacturing sector has lost even more than the 68,000 jobs that the Bureau of Labor Statistics previously estimated. The decline in manufacturing jobs occurred despite President Trump’s promise that he would create a “manufacturing boom” and his recent claim that the American economy is achieving the “best and strongest numbers.”

“While President Trump promised us a manufacturing boom, the reality of his first year has been a bust,” said U.S. Senator Maggie Hassan, Ranking Member of the Joint Economic Committee. “It is critical for both our national security and our economic future that we grow our manufacturing sector. The President has instead spent his first year burdening manufacturers with reckless tariffs, and this loss of jobs is the result.”

The Joint Economic Committee – Minority earlier this year released a report that found that uncertainty from Trump’s tariffs would derail the American manufacturing sector in both the short and long term. The report, which was issued in August 2025, estimated that tariffs and the uncertainty they sowed had already damaged the American manufacturing sector, and could cost the U.S. more than $490 billion in manufacturing investments by 2029.

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