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This Labor Day weekend is bringing American workers something better than any political speech: a jobs report that demolished expectations.
The newest jobs report reveals the United States added 162,000 jobs in August - nearly three times the 56,000 forecast by economists surveyed.
Not slightly better. Not within the margin of error. A full-fledged economic trouncing.
For months, President Donald Trump's critics have predicted that his economic agenda would send employers running for cover. Tariffs would crash the economy. Spending cuts would trigger layoffs. Tougher immigration enforcement would leave businesses unable to operate.
Instead, Americans went back to work.
The unemployment rate held steady at a historically low 4.1 percent.
As for private-sector jobs, private employers added 127,000 jobs, also nearly triple the 45,000 economists expected.
And the allegedly disastrous July report? It has already been revised from a loss of 23,000 jobs to a gain of 21,000.
June was revised upward, too. Together, those revisions added another 55,000 jobs to the books.
So much for the economic funeral procession.
The August gains weren't confined to one industry or propped up by government jobs in Washington. Restaurants and bars added 59,000 jobs. Construction added 22,000. Manufacturing—a sector politicians have spent decades promising to revive—added 16,000, more than three times the predicted 5,000.
That matters because manufacturing and construction represent something Washington all too often forgets: actual, tangible work. People building homes, pouring concrete and making products - not merely shuffling paper inside another federal bureaucracy.
Government employment did rise by 35,000, but the details tell a more revealing story. Local education accounted for 42,000 jobs, while federal employment declined by 5,000 and state government employment fell by 10,000.
In other words, teachers returned to classrooms while Washington's payroll shrank.
Gosh, that sounds suspiciously like the government efficiency Trump promised.
None of this means every economic problem has vanished. Inflation remains painful, borrowing costs are high and wage growth must keep pace with household expenses—all things that matter in the midterms.
But an honest assessment requires acknowledging good news when it arrives—and this report is without question, good news.
The liberal bias in financial news also shows.
The “experts” weren't merely wrong. They missed the number by more than 100,000 jobs.
What a novel concept that business owners respond favorably to lower regulation, domestic production and an administration determined to put American workers first. Maybe, just maybe, President Trump’s economic instincts are performing considerably better than his critics will admit.
This Labor Day, Americans can judge the results for themselves: more jobs, stable unemployment, expanding private payrolls and factories hiring again.
While the pundits predicted trouble, American workers delivered a threefold rebuttal and ran the jobs report through the end zone.
For President Trump, that is one very good (Labor) day at the office.
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