This is Trump’s economy. And the new data is ‘not telling a really good story’

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The delayed September jobs report shows a slowing labor market – with Black women suffering most from the Trump administration policies. But persistent inflation has been costing everyone and Chief Business Editor for People Inc., Caleb Silver argues that rising prices combined with slowing growth and sluggish hiring has the U.S. economy facing “stagflation.” Trump’s tariff regime has in part been responsible for the hiked cost of living, with the president claiming it’ll revive U.S. factory jobs. Economist Justin Wolfers asks if we even want a manufacturing renaissance, saying factory workers he’s spoken with say those jobs were meant to be a pathway to the middle class. MS NOW: My Source for News, Opinion, and the World. Same mission. New name. » Subscribe to MS NOW: https://www.youtube.com/@msnow MS NOW is the go-to destination for domestic and international breaking news, and best-in-class opinion journalism. For more context and news coverage of the most important stories of our day click here: https://www.ms.now/ #Politics #Economy #Tariffs