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The month of May saw record-setting job gains.  The May jobs report was expected to show job losses of 7 to 8 million.  This was the analysis of the financial experts and Nobel laureate economists.  Instead 2.5 million jobs were ADDED to the economy.  Never in the history of the country have we seen a turnaround like this from one month to the next.  The financial experts got the sign wrong!

More winning.  The June jobs report is now available.  The “experts” had predicted a gain of around 2.5 million jobs. However, the “experts” were way off again.  June saw a growth of 4.8 million jobs, shattering the record set in May.  In addition, the May numbers were revised upward by nearly 200,000 jobs.

 

The highlights (courtesy of CTH)

  • In June, employment in leisure and hospitality increased by 2.1 million, accounting for about two-fifths of the gain in total nonfarm employment.
  • In June, employment in retail trade rose by 740,000, after a gain of 372,000 in May.
  • Employment increased by 568,000 in education and health services in June.
  • Employment increased in the other services industry in June (+357,000), with about three-fourths of the increase occurring in personal and laundry services (+264,000).
  • In June, manufacturing employment rose by 356,000.
  • Construction employment increased by 158,000 in June, following a gain of 453,000 in May.

This result highlights two things in particular.  First, the US economy has been substantially rebuilt so that it does not depend as much on what goes on around the world.  This has been the work of PDJT and his economic experts.  And PDJT’s experts are real experts not fake ones.  Second, the Payroll Protection Program, designed by the Trump administration, has helped many small businesses to stay afloat and to bring back the workers who were laid off.  Small businesses are the core creators of jobs in the American economy.

This recovery wasn’t a handout to big business and Wall Street as happened when Obama was President.  It wasn’t a handout to bloated government agencies.  The Trump administration has been laser focused on helping the lower and middle class people.  And all it takes for this to happen is opening up the economy.

A V-shaped recovery appears to be building.  The only thing that can stop this is the firestorm of fear that the Democrats and their friends in the media have been selling about an illness that is little different from the flu.  These stories about “spikes” are a desperate Hail Mary by the Democrats and their media allies to crash the economy for a second time.  They do not care about how many Americans are put out of work by their crazed attempts.  There is absolutely no reason to shut down the economy.  There never was.  All of this was a desperate play for power by the left.