""Not great right now," he said on CNBC's "Squawk Pod" on Thursday. "And the prospects are that it's going to get worse.""
""Do you know what happened to jobs in manufacturing in the last year? They're down," he said. "[Trump] didn't succeed over the last year in bringing back manufacturing jobs.""
""The decline in blue-collar jobs is even larger," he continued. "And you look at, where is the increase in jobs in the United States-health care. Does that have anything to do with the tariffs? No.""
The U.S. economy currently shows weakness with prospects expected to worsen. Blue-collar employment, including manufacturing, construction, mining and warehousing, has fallen significantly over the past year. A Joint Economic Committee analysis found 108,000 fewer manufacturing jobs last year versus a Bureau of Labor Statistics estimate of 59,000 fewer. From February 2025 to last month, total blue-collar job losses reached 166,000. Tariff policies are cited as contributing to the decline. Healthcare employment has grown due to an aging population and is less tied to macro trends. Corporations warn that blue-collar labor shortages threaten manufacturing output and technology-sector construction projects.
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