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Economy Employment Inflation

Sourced Donald Trump records grouped under economy employment inflation. This page is an index: the full evidence, photo credits, videos and source ledger remain attached to the dated canonical record.

August 21, 2026 · Economy / Employment / Inflation / South Carolina rally

Trump says more Americans are working than ever and that inflation just fell at its fastest rate in years

FALSE / OVERSTATED — JULY EMPLOYMENT WAS BELOW ITS YEAR-EARLIER LEVEL; JULY CPI ROSE 0.1% AND YEAR-OVER-YEAR INFLATION EDGED DOWN ONLY 0.1 POINT

At his August 21 South Carolina rally, Trump paired a record-employment claim with a claim that inflation had just fallen at its fastest rate in years. The latest BLS data do not support either formulation: household-survey employment in July was below its July 2025 level, while the July CPI rose 0.1% month to month and the 12-month inflation rate eased only from 3.5% to 3.4%.

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