FACT FOCUS: Trump boasts about the economy but there’s more to the story
Summary
President Donald Trump has praised the U.S. economy by highlighting record job numbers and stock market highs. However, job growth has slowed compared to past years, and many Americans remain concerned about the high cost of living. The stock market has set multiple records recently, but economic challenges still affect many people.Key Facts
- The U.S. had nearly 159 million jobs in June 2026, the highest number ever recorded.
- Job growth in Trump’s second term has slowed, with about 92,000 jobs added per month in 2026, which is low compared to historical trends.
- During President Biden’s term, monthly job growth averaged around 329,000, boosted by a hiring surge after COVID-19 lockdowns.
- High interest rates, stricter immigration rules, and retirements are slowing job growth now.
- The S&P 500 stock index has set 64 new record highs since January 2025.
- Stock market gains are mainly due to increased profits for major companies.
- A July 2026 poll found only 32% of adults approved of Trump’s economic management.
- Many Americans feel the economy is poor, citing high prices for food and gas as major concerns.
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