Has been for more than two years.
https://www.semafor.com/article/08/21/2024/us-job-growth-wea...
It's strange that CNBC here decided to use the unrevised numbers instead of the more accurate revised numbers, especially when leading into the election.
Tech and Manufacturing have been.
[0] https://www.bls.gov/news.release/cpi.nr0.htm [1] https://tradingeconomics.com/united-states/gdp-growth
It seems to apply, despite your dismissal. Inflation is an ongoing and pressing concern, as stated by the Federal Reserve. The tightening of monetary policy has contributed to unemployment. GDP is irrelevant, as stagflation is a paradox, not a goalpost.
https://en.wikipedia.org/wiki/Stagflation
To whit:
> In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increase in oil prices, and misguided government policies that hinder industrial output while expanding the money supply too rapidly.