Wednesday, June 11, 2025

Trump's Economy Is Crushing Expectations - Matt Margolis

Remember the dark days of the Biden years, when the economy felt like it was sputtering along and every other job created seemed to be on the government payroll?
Well, there's good news. 
Things have changed completely under President Donald Trump's second term. 
The latest numbers are nothing short of phenomenal, especially if you're a fan of actual, you know, private sector job growth...
The contrast is stark.
  • The U.S. job market continues to defy expectations under President Trump. In May alone, the economy added 139,000 new jobs — which beat forecasts for the third month in a row — with every single net gain coming from the private sector. That’s right: zero new government bloat, just real jobs in real industries. 
  • Leisure and hospitality led the way with 48,000 new hires, while 
  • transportation and warehousing added 5,800 jobs. 
  • Construction notched its fourth straight month of growth, tacking on another 4,000.
  • One more stat the media won’t highlight: native-born Americans now account for all job gains since January. Under Joe Biden, the trend was reversed. And unlike the Biden era, where one in four jobs created was in government, 99.8% of new jobs under Trump are in the private sector. This is what real economic leadership looks like...
But it's not just about job numbers; it's about what those jobs pay. 
And the news on that front is also excellent. 
  • Wages are rising for non-government workers.

Average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $36.24 in May...

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