Treasury Secretary Scott Bessent claims the split between rich and poor has ended, but the latest jobs data points the other way — bad news for workers.

• Bessent says the "K-shaped economy," where the rich get richer and the poor fall behind, is finished.
• The numbers disagree: jobs fell by 23,000 last month, with earlier months revised down by over 100,000.
• More people are giving up and leaving the workforce, and wages still aren't keeping up with rising prices.
• Gas prices are high and tied to the Iran conflict and the threat to the Strait of Hormuz, keeping everyday costs painful.
• The $25 billion spent on the Iran war is drawing fire as critics say the money could fund healthcare, schools, and wiping out medical debt.

Outlook: Officials will keep insisting the economy is fine, but weak jobs data and stubborn prices are eroding public faith and fueling a political shift.