Trump’s Economic Claims Meet Mixed US Data

The Story in Brief

President Donald Trump’s claims of record jobs, booming manufacturing and soaring markets are only partly supported by available data, the Economic Times reports. US payrolls reached nearly 159 million in June, a record, but hiring has slowed sharply during his second term. Employers added about 92,000 jobs a month this year, compared with nearly 329,000 monthly under Joe Biden and 166,000 in Biden’s final two years.

The S&P 500 has set 64 records since January, according to CFRA, while manufacturing activity reached its strongest level since May 2022. Yet the US had 95,000 fewer factory jobs in June than before Trump returned to office. An AP-NORC poll found 69% of Americans described the economy as poor and just 32% approved Trump’s handling of it.

The Indian Opinion

Claims that every market record proves an economic boom are as misleading as declaring tariffs an instant manufacturing revival. Share prices can rise while household costs remain painful, and factory output can improve without creating many jobs. The fair test is sustained payroll growth, factory employment and lower pressure on groceries and fuel. Will the next jobs report show that hiring is accelerating, or merely that the record has moved again?

Source: economictimes.indiatimes.com

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