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Trump's Economic Boom: Jobs Report Challenges Narrative, Polls Show Skepticism
Confirmed
In Short: President Trump's economic narrative faces challenges as a solid jobs report is met with skepticism from voters and poll results show high distrust in his administration.
But let me say right here that President Trump’s economic boom has become the greatest story never told, but the story is factual, according to reports from Fox Business.
Productivity, profits, stocks, consumers, and the hard goods industry are all booming, with durable goods rising at double-digit gains.
Right on cue, the press got ready to print a bad jobs report for August, and then SLAM, the number comes out up 162,000, including 55,000 upward revisions for June and July, the actual job gain in August was more than 217,000.
Despite these gains, Trump took office with private jobs going by more than a million, while federal jobs have declined by more than 300,000.
Meanwhile, manufacturing and construction and goods-producing jobs keep rising, and the employment to population ratio moved up to 59.1 percent from 58.9 percent.
Voters’ opinion of the economy has mostly hardened, and fresh polling found that more than 90% of Americans believe corruption is rampant in Trump’s government, even as the president spends hundreds of millions of dollars on vanity projects across the capital.
What's confirmed
What's still developing
- As former White House counselor, Kellyanne Conway, told me the other night, "They’ve got the money, the message, they need a better sales pitch and they’ve got great messengers like you and Secretary Bessent and obviously President Trump, most of all." Now, about those jobs numbers, including 55,000 upward revisions for June and July, the actual job gain in August was more than 217,000.
- Former Reagan economist Art Laffer and Yardeni Research President Ed Yardeni discuss the state of the economy on ‘Kudlow.’ And on top of that, the employment to population ratio, perhaps the best jobs indicator, moved up to 59.1 percent from 58.9 percent.
- And an unprecedented immigration crackdown is disrupting the labor supply in agriculture, construction, hospitality and food processing, raising prices even further.
- “I’m not affected by the election,” Trump told reporters last week.
- “Even though his name isn’t in the midterm, his legacy is,” Johnson said.
- Even if the Iran conflict reached a resolution, confidence in the economy is likely to change only when the prices are reflected at the gas station, she said.