The United States created 130,000 new jobs in January after economists had projected only 70,000 jobs would be added. Only 41,000 jobs were added to the private sector in December, sparking concerns from economists.
According to a White House article, the unemployment rate is down to 4.3%. Construction employment is now up 33,000, while nonresidential specialty trades have added 25,000 jobs.
“January’s 130,000 new nonfarm jobs is the best month of job growth yet, signaling President Trump’s pro-growth policies are starting to deliver real momentum in the labor market,” the article explained.
White House Deputy Press Secretary Kush Desai said the “blockbuster, expectation-shattering jobs report proves that President Trump’s economic agenda continues to pay off.”
“The unemployment rate fell and private sector job growth remains robust — particularly for specialty trade construction jobs as the trillions in investments secured by the President pour into American manufacturing,” Desai said. “With new revisions showing that the Biden jobs market was even worse than expected, President Trump continues to turn the page on the Biden disaster by rightsizing federal employment to the lowest level since 1966 and turbocharging economic growth.”
President Trump celebrated the numbers.
“Just in: GREAT JOBS NUMBERS, FAR GREATER THAN EXPECTED! The United States of America should be paying MUCH LESS on its Borrowings (BONDS!),” he wrote on Truth Social. “We are again the strongest Country in the World, and should therefore be paying the LOWEST INTEREST RATE, by far. This would be an INTEREST COST SAVINGS OF AT LEAST ONE TRILLION DOLLARS PER YEAR – BALANCED BUDGET, PLUS. WOW! The Golden Age of America is upon us!!! President DJT”
