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Can Trump's 'booming' economy withstand the inflation surge from 'Operation Epic Fury'?
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Trump's 'Roaring Economy' Hits Reality: Jobs Fall, Gas Prices Soar
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Firstpost
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08-03-2026, 19:15
Trump's 'Roaring Economy' Hits Reality: Jobs Fall, Gas Prices Soar
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President Trump's 2026 "roaring economy" claims are challenged by recent job losses and surging gas prices.
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February saw 92,000 job losses, with native-born unemployment rising from 4.4% to 4.7%, contradicting Trump's worker priority claims.
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Iran strikes starting February 28 led to a 19% surge in national pump prices to $3.45, with Goldman Sachs forecasting higher inflation.
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The Dow fell 5% last month, undermining Trump's stock market boasts, though Q4 business productivity rose 2.8%.
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Trump's 2025 economic growth (2.2%) lags Biden's 2024 (2.8%), and labor's income share hit a record low.
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