The stock market boom is increasingly inconsistent with economic realities, as signs of deterioration in the labor market and disappointing GDP growth emerge. Recent reports indicate only 73,000 jobs were added in July, with downward revisions for prior months, leading to a total of just 106,000 new jobs over the past three months. GDP growth has slowed to an annualized 1.75%, far below prior targets. Inflation is rising, with June's producer price index showing a 0.9% increase, marking the largest rise in nearly three years, largely attributed to Trump tariffs, which are costing Americans significantly.
The latest employment report revealed that the U.S. added only 73,000 jobs in July and revised May and June figures downward, bringing total net hires for the past three months to just 106,000.
GDP growth disappointed, clocking in at just 1.75% through the first half of 2025, well below the previous year's average.
The Congressional Budget Office projects that federal debt will swell from 100% of national income this year to 110% by 2031.
The producer price index surged 0.9% in June, representing the largest increase in almost three years, possibly due to the Trump tariffs.
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