Trump Rages at 162,000-Job Gain as Inflation Fears Sink Stocks
Updated
Updated · MyNorthwest · Sep 5
Trump Rages at 162,000-Job Gain as Inflation Fears Sink Stocks
3 articles · Updated · MyNorthwest · Sep 5
Summary
162,000 jobs were added in August, but Trump responded with an Oval Office tirade after markets fell on fears the stronger hiring could keep inflation and interest rates elevated.
4.79% on the 10-year Treasury and inflation still fueled by tariffs and Iran-war oil shortages have undercut Trump's claim that a second term would quickly unleash a boom.
32% was Trump's summer economic approval rating, down from 50% before the 2018 midterms, as growth has run near 2% annually and the national debt has crossed $40 trillion.
White House advisers still argue tariffs, tax cuts and AI-driven productivity will lift growth, but outside economists say even sustained 3% growth would only stabilize debt and not fix deficits.