Trump’s economic wins cancel out Biden’s losses in latest jobs report
Fox News
January jobs report smashed forecasts using payroll data, revealing unemployment dropped to 4.3% as 130,000 jobs were added despite expert predictions.
There was more good news on the workweek. Hours worked rose, which predicts future hiring. It’s also a result of people exchanging multiple part-time jobs for better paying full-time work. Peter St. Onge is the Heritage Foundation’s Mark A. Kolokotrones Fellow in Economic Freedom.
There was more good news on the workweek. Hours worked rose, which predicts future hiring. It’s also a result of people exchanging multiple part-time jobs for better-paying full-time work. Sure enough, we saw a 450,000 drop in part-timers who couldn't find full-time work, while the dreaded U-6 underemployment (which even includes people who've given up on finding a job altogether) crashed by 600,000 people.
Even manufacturing rose, hopefully breaking a trend that started three years ago in the middle of the Biden administration. Construction jumped by 33,000 last month, driven by factory development. This trend could continue as factory building surges under President Donald Trump.
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