Trump’s Economy Is Worse Than It Looks — Key Economic Indicator Sinks to Pandemic-Era Levels

The stock market has spent much of 2026 acting like the economy is bulletproof. The S&P 500 has climbed more than 23% since President Donald Trump returned to office in January 2025, powered by artificial intelligence spending, strong corporate earnings, and investor enthusiasm over tax and deregulation policies. Yet underneath the headline gains, the labor ... Trump’s Economy Is Worse Than It Looks — Key Economic Indicator Sinks to Pandemic-Era Levels