# US jobs miss as Trump’s economic boasts clash with reality 2026-08-07T03:45:46+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet The US economy lost 23,000 jobs in July, far below the expected gain of 80,000, according to the Bureau of Labor Statistics. June's already weak addition of 57,000 jobs was also revised downward. The unemployment rate ticked down to 4.1 per cent from 4.2 per cent, but only because of shifting workforce dynamics, not hiring. President Donald Trump has been claiming a hiring and manufacturing boom, but job growth in his second term has slowed sharply. Factories added just 18,000 jobs this year. The S&P 500 has hit 64 record highs since January, but the rally is fuelled by AI hype and oil price drops, not broad economic strength. A new AP-NORC poll found only 32 per cent of Americans approve of Trump's handling of the economy, and 69 per cent call it poor. The two-month hiring slowdown puts pressure on the Federal Reserve, which has prioritised fighting inflation over jobs. Fed Chair Kevin Warsh called employment 'solid growth' just weeks ago. ## Coverage - economictimes.indiatimes.com - timesnownews.com Tags: Donald Trump, jobs, manufacturing, stock market, US economy Canonical: https://indianopinion.org/trumps-economic-claims-meet-mixed-us-data/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/trumps-economic-claims-meet-mixed-us-data/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.