Hiring down and inflation up is stagflation isn't it?

[haele]

3. Stagflation is when jobs disappear and no one buys while prices keep going down

It's a more vicious cycle than an inflationary cycle.
Stagflation develops when prices are lowered to combat inflation and juice sales without subsidizing a soft landing for the businesses forced to lower prices to sell their products. Businesses sell at a loss, cut jobs (labor generally being the highest cost investment a business has) to keep afloat, then can't find enough buyers for the product they've already cut costs to the bone for.
The "consumer" eventually stops consuming, because why buy a new PS5 at a reduced $500 when next month it might be dropped down to $300 just to get it off the shelf it's been sitting on for 6 months now. And if the consumer waits long enough, it might end up on Woot or another excess stock seller for $150.

Oh, the Media/Entertainment owners and the Investor class will loudly blame unions, socialists, the failing "liberal" middle class and "undeserving" lazy poor instead of bottom line corporate greed and the lack of investment to stabilize labor as the economy spirals downward and businesses start to fail, and politicians will listen to those who only work with other people's money because "they're fiscally smart".