Particle.news
Download on the App Store
7 ARTICLES
·
6h ago

Inflation Accelerates and Factory Jobs Fade Under Trump’s Tariffs

Challenging agency figures, the administration disputed data showing persistent inflation, factory employment declines, sluggish economic growth

A Trader works on the floor of the New York Stock Exchange, Friday, Aug. 1, 2025, in New York. (AP Photo/Yuki Iwamura)
FILE - A sheet of new $1 bills is seen, Nov. 15, 2017, at the Bureau of Engraving and Printing in Washington. (AP Photo/Jacquelyn Martin, File)
Anthony Matesic works on the floor at the New York Stock Exchange in New York, Monday, July 14, 2025. (AP Photo/Seth Wenig)
A container ship pulls into the Port of Oakland in California on Friday.

Overview

  • Core personal consumption expenditures inflation has topped 3 percent annually for three straight months, exceeding the Federal Reserve’s target.
  • Revised Bureau of Labor Statistics data show a loss of 37,000 manufacturing jobs since April and overall hiring plunged to just 73,000 in July.
  • GDP growth slowed to under 1.3 percent annualized in the first half, down sharply from last year’s 2.8 percent rate.
  • After the latest jobs report, President Trump fired the head of the Bureau of Labor Statistics, accusing the agency of political bias.
  • White House spokespeople insist that short-term economic pain will pave the way for a domestic manufacturing revival despite mounting warning signs.