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Trump claims June inflation numbers show prices fell, real wages rose, and manufacturing jobs increased.
Jobs & Labor Market ClaimsWhat was said
Donald Trump states that June's inflation numbers show prices fell by the most in over six years, with the CPI below economists' forecasts. He also claims strong wage growth led to a 0.8% rise in real wages and that manufacturing jobs are increasing.
Such great news in June’s Inflation Numbers! Prices FELL by the most in a single month in over six years. The June CPI was below the forecast of every single Economist (67!) that Bloomberg polled. Prices were down across the board including for Gasoline, Electricity, Auto Insurance, Hotels, and Prescription Drugs. With strong Wage Growth and a decline in Prices in June, Real Wages rose a massive 0.8%. As Investment pours into our Country, Factory Construction surges, Manufacturing Jobs rise, and Prices fall, there is so much to be proud of — The Golden Age of America is here! President DONALD J. TRUMPView official source