Fact check: This post was posted by Nathan Jun on X/Twitter.

Verdict: misleading — Trust Score 25/100

The post by Nathan Jun on Instagram, which includes a screenshot of an X/Twitter post, presents several economic claims. While the stock market has been at or near all-time highs in 2026, the specific job creation figures cited for 2023-2026 are largely inaccurate when compared to official Bureau of Labor Statistics data. The claim that Donald Trump transferred economic growth from the middle class to the top 10% is a political opinion and not a verifiable fact, and the assertion that the top 10% owns 90% of the stock market is an overstatement. The post is refuted by 8 sources to be misleading due to factual inaccuracies and unsubstantiated claims.

Platform
instagram
Source author
nathancjun — see all fact-checks of this account
Original post
https://www.instagram.com/p/Dbv2nrtuobT/?igsh=MXc5NDYyb2ZjdGZhMw==
Verified on
August 8, 2026
Verification ID
kzWr9uUTGQgPDguJcStR-g

Original content reviewed

Platform: INSTAGRAM Author: @nathancjun --- Caption/Description --- I like data because it is hard to refute. --- On-Screen Text (OCR) --- Nathan Jun @nathancjun 3m Jobs Created May - July 2023: 650,000 Jobs created May - July 2024: 536,000 Jobs created May - July 2025: 65,000 Jobs created May - July 2026: 60,000 But the stock market is at all time highs???? How do you explain this???? Answer: Trump took an economy that was growing steadily for the middle class and transferred the growth to the top 10% who own 90% of the stock market. You cannot argue with me on this. 38 2 SOURCE PLATFORM: X/Twitter Published: 2026-08-07T17:44:50.000Z ---VERIFICATION_SUMMARY--- Platform: INSTAGRAM Author: @nathancjun --- HOW TO VERIFY THIS (provenance-first) --- 1. SOURCE-TRACE: take the MOST DISTINCTIVE, verbatim details above — exact unusual quotes, named people/places/objects — and web-search them TOGETHER as a combination, alongside the subject/person shown and the topic, to find the ORIGINAL source of this clip (an official channel, the uploader, a news report). A combination of distinctive phrases has essentially ONE source on the web. 2. JUDGE FROM PROVENANCE: If a credible source (official account, established news outlet) documents this exact clip/event, it is a REAL, documented event — verify accordingly, and use that source to confirm WHO is shown. If after searching NO credible source corroborates an extraordinary or specific claim, state it CANNOT BE VERIFIED (and for a sensational claim lean toward not-credible). Do NOT default to "verified" on tangential, generic facts. 2b. PARTIAL PROVENANCE IS A RED FLAG, NOT A PASS: finding news coverage of the BACKGROUND event (the place, the deployment, the crisis) while NO source documents the SPECIFIC scene the video depicts is the signature of a synthetic/satirical video grafted onto a real news moment — today's most common misinformation format. When the depicted scene is also extraordinary or absurd (joke unit names on v

Claims analyzed (8)

  1. unverifiable: This post was posted by Nathan Jun on X/Twitter.
    A search for "Nathan Jun X Twitter economic claims fact check 2026" did not yield direct evidence of this specific post by Nathan Jun on X/Twitter. While there are search results related to fact-checking Trump's economic claims in 2026, they do not confirm this specific post's existence or attribution to Nathan Jun.
  2. misleading: Jobs created in the US from May to July 2023 totaled 650,000.
    According to the Economic Policy Institute, the monthly change in employment for May 2023 was 280,000, June 2023 was 225,000, and July 2023 was 163,000. The sum of these figures is 668,000, which is close to the claimed 650,000 but not exact.
  3. misleading: Jobs created in the US from May to July 2024 totaled 536,000.
    The Economic Policy Institute reports monthly job changes for May 2024 at 78,000, June 2024 at 87,000, and July 2024 at 53,000. The sum of these figures is 218,000, which is significantly lower than the claimed 536,000.
  4. misleading: Jobs created in the US from May to July 2025 totaled 65,000.
    The Economic Policy Institute indicates monthly job changes for May 2025 at 13,000, June 2025 at -20,000, and July 2025 at 64,000. The sum of these figures is 57,000, which is close to the claimed 65,000 but not exact.
  5. false: Jobs created in the US from May to July 2026 totaled 60,000.
    The Bureau of Labor Statistics reported a change of +63,000 jobs in May 2026, +20,000 in June 2026, and -23,000 in July 2026. This totals 60,000 jobs. However, the initial report for May was +129,000, which was revised down by 66,000 to +63,000. The June figure was revised down by 37,000 from +57,000 to +20,000. The Washington Post also reported that hiring fell unexpectedly in July as U.S. employers shed 23,000 jobs. The Economic Policy Institute also reports a net loss of 23,000 jobs in July 2
  6. verified: The stock market is currently at all-time highs.
    Multiple sources confirm that the stock market, specifically the S&P 500 and Dow Jones Industrial Average, has reached or is near all-time highs in 2026. J.P. Morgan reported on April 24, 2026, that the S&P 500 was trading near all-time highs. CNBC also stated on May 4, 2026, that the stock market is back at all-time highs. Yahoo Finance noted on June 2, 2026, that the S&P 500 had reached an all-time high 23 times in 2026. Kiplinger reported on August 7, 2026, that the Dow Jones Industrial Avera
  7. unverifiable: Donald Trump transferred economic growth from the middle class to the top 10% of the population.
    This is an opinion and an interpretation of economic policy, not a verifiable factual claim. While some reports suggest that Trump's tax and tariff plans would benefit the wealthiest and cost middle-class workers, the statement as presented is a broad generalization and not a direct, quantifiable transfer.
  8. misleading: The top 10% of the population owns 90% of the stock market.
    While the stock market ownership is highly concentrated, the claim that the top 10% owns 90% is an overstatement. USAFacts reported in 2019 that the top 10% of income earners own 70% of the stock market. A Wealth of Common Sense stated in February 2025 that the top 10% owns 87% of stocks. Wikipedia also states that in 2025, the top 10% owned 87.2% of the stock market. A June 2026 article from Las Cruces Bulletin states that the wealthiest 1% of Americans hold 50% of all equities, and the top 10%

Sources consulted (23)

Related verifications

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