New BLS reports reveal a “stalled economy” as wage growth hits a five-year low and job creation collapses to just 29,000.
Blue Press Journal, October 2, 2026 – The most recent report by the Bureau of Labor Statistics (BLS) is a cold shower for Trump’s “unstoppable economy” narrative. According to the BLS, only 29,000 jobs were added in the United States in September, far below the 90,000 economists had expected. Subtract another 10,000 jobs for revisions to the previous month’s figures. A “stalled economy” is what one economist said, adding that “working families” are “trapped in it”.
These policies have a direct negative impact on the economy and the number of jobs. First, the administration’s trade war has a significant detrimental effect on businesses. Placing tariffs on imports comes at the expense of businesses’ bottom lines. This, in turn, causes a lower willingness to pay employees, thus contributing to the five-year-low pay growth.
Meanwhile, the administration’s push for a maximum-pressure campaign against Iran adds to the equation’s unease. The “maximum pressure” coming from Washington creates geopolitical risks that add to the premium investors apply to the U.S. bond, thus worsening the outlook for the American economy.
The evidence speaks for itself: Between the “hostile” trade policies and “maximum-pressure” political leanings, the Trump’s administration’s policies grind the economy down.
