Posted on 06/09/2025 8:43:46 AM PDT by SeekAndFind
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 White House wasted no time touting the recent jobs report, and who can blame it? 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.
There’s a reason no one is talking about a recession anymore.
One more stat the media won’t highlight: native-born Americans now account for all job gains since January. Under Joe Biden, the trend 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.
“President Trump’s America First Economic Agenda has created a BOOMING economy — jobs are up, unemployment is down, wages increasing, and inflation is dead,” White House Press Secretary Karoline Leavitt said in a statement. “More than 139,000 good jobs were added to the private sector in May, all accounted for by American-born workers. Americans should continue to trust in President Trump, who continues to beat expectations.”
(Excerpt) Read more at pjmedia.com ...
Average hourly earnings for all employees on private nonfarm payrolls rose by 15 cents, or 0.4 percent, to $36.24 in May. Over the past 12 months, average hourly earnings have increased by 3.9 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 12 cents, or 0.4 percent, to $31.18.
Higher wages mean more money in the pockets of hardworking Americans, not bureaucrats. This is real economic improvement that people feel in their daily lives.
The economic outlook under President Trump is drawing widespread praise, with experts pointing to strong job growth, low inflation, and rising optimism. Council of Economic Advisers Chair Steve Miran said that Trump is delivering real results, having created more than half a million jobs since taking office.
Economist Steve Moore called it a “blockbuster economy,” highlighting 4.5% GDP growth in the second quarter and stable prices as signs that jobs are widely available for those who want them.
Biden and the Dems are already trying to take credit for the economy saying all this is the result of Bidenomics and Trump policies had nothing to do with it................
All 3 major indices should be hitting all-time highs in the next several weeks, even with just modest growth.
📌👀🇺🇸
Private sector job growth adds to the productivity of the economy. Government jobs growth just eats into the economy and decreases economic activity.
Democrats will never understand that, but, the ones that do understand will want the government jobs because, it implies that the economy is producing new jobs. It’s exactly the opposite but the economically ignorant in the general population are easily fooled, and fooling the public is what democrats specialize in.
First time in a long time that I have seen that.
Maybe, just maybe, not having the little man from the Ag Department going around making farmers kill their laying hens has a positive result?
May CPI is out this week. Consensus estimate is not good. Up from last month.
Eggs under three dollars, gas under three dollars too. Trump negotiated lower energy prices with OPEC and it shows up in all kinds of products.
It does always seem like the news says “expectantly” or “exceeded expectations”.
Food and fuel are something bought weekly by most.
And eggs are a foundational item in many foods. Especially home made foods.
The people who are really having to squeeze their nickels until the buffalo bellows are seeing a 50% drop in price on one of their main necessities.
That is a big thing.
You don’t think they’d do that, do you?/s
Here’s why no one should ever listen to your chicken little economic assessments
Owen: “May CPI is out this week. Consensus estimate is not good”
Reality:
Inflation Remains Tame for Fourth Straight Month, Defying Predictions That Tariffs Would Raise Consumer Prices
The whole reason the report is better than expected is because consensus estimates proved worse than the report. How is this inaccurate?
If the report had matched the estimates, the announcement would have been that inflation was in-line with expectations.
The consensus estimate was for core Y/Y to come in at 2.9%, an increase of 0.1% over the prior month’s Y/Y core report. Instead, the report came in at 2.8% Y/Y core, equal to the prior month.
How can you be angry with noting a consensus estimate. That estimate, btw was within 5.5% of the actual number. Not bad as predictions go (and it wasn’t my prediction).
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