More Winning: Trump Economy Adds 228K Jobs in March, Crushing Predictions of Critics, Economists

AP Photo/Mark Schiefelbein

Yes, despite the gloomy and ominous predictions of the anti-Trump crowd and economists, the U.S. economy added a strong 228,000 jobs in March, blowing away expectations that just 140,000 jobs would be added in the month, providing at least temporary reassurance that the labor market is stable.

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As a result, the workforce participation rate climbed from 62.4 percent to 62.5 percent, while the average workweek lengthened, and hourly earnings rose 0.3 percent compared with February and 3.8 percent compared to March 2024.

Here's more, begrudgingly brought to us by CNBC, which predictably tried its best to downplay the good news:

Though the headline number beat estimates, the report comes against a highly uncertain backdrop after President Donald Trump’s tariff announcement this week that has intensified fears of a global trade war that could damage economic growth.

Stocks reacted little to the report, with futures tied to the Dow Jones Industrial Average off their lows but still down by more than 900 points while Treasury yields held sharply negative.

[...]

Trump announced a flat duty of 10% against all trading partners along with a wide menu of so-called reciprocal tariffs that already have provoked retaliation from China and others. Wall Street has been aggressively in sell-off mode for the past two days, with stocks tumbling and investors flocking to the safety of fixed income.


Previous indicators showed the labor market holding up, but the tariff moves raise the possibility that companies will hold back on hiring as they assess just what the new trade landscape will look like.


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According to Lindsay Rosner, head of multi-sector fixed-income investing at Goldman Sachs Asset Management, while the job numbers were better than expected, the specter of Trump's tariffs looms large on the horizon.

Today’s better than expected jobs report will help ease fears of an immediate softening in the US labor market. However, this number has become a side dish with the market just focusing on the entrée: tariffs.

While the future impact of Trump's latest tariffs is unknowable — despite vociferous claims from both Trump critics and loyalists, it should be taken into account that equity (stock) market performance is a leading indicator, meaning large investors and investment firms buy or sell based on their opinions about the future of the economy, while job growth is typically a following indicator, meaning employers believe the economy is stable enough to add employees. 


ALSO READMSNBC Alarmists Prove They Don't Know Squat About Equity Markets, Basic Investment Strategies - but I Do


Glen Smith, chief investment officer at GDS Wealth Management, also tried to rain on the job report parade:

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While Friday’s jobs report showed that the economy is still adding jobs, even with the tariff uncertainty and Federal job cuts, the data is backward looking and doesn’t say anything about how employers might fare over the coming months.

Regardless of what's yet to come, the jobs report is indeed good news. 

And while social media keyboards jockeys wage pitched battles over the future — all of whom are driven by predisposed political beliefs, of course — the future, as I suggested, is unknowable.

Editor's Note: President Trump is leading America into the "Golden Age" as Democrats try desperately to stop it.  

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