{"id":121678,"date":"2026-02-20T07:00:24","date_gmt":"2026-02-20T12:00:24","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/trumps-economic-wins-cancel-out-bidens-losses-in-latest-jobs-report-121678"},"modified":"2026-02-20T07:00:24","modified_gmt":"2026-02-20T12:00:24","slug":"trumps-economic-wins-cancel-out-bidens-losses-in-latest-jobs-report","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/trumps-economic-wins-cancel-out-bidens-losses-in-latest-jobs-report-121678","title":{"rendered":"Trump\u2019s economic wins cancel out Biden\u2019s losses in latest jobs report"},"content":{"rendered":"
\n

The “experts” were wrong yet again as the January jobs report<\/a> smashed expectations with every metric beating forecasts.\u00a0<\/p>\n

Payrolls were up a whopping 130,000, almost twice what the economy needs to cover population growth.\u00a0Even better, the labor force grew by almost 400,000 as more people decided to look for work and the number of people saying they were employed jumped by more than half a million. That was enough to force the unemployment rate back down to 4.3%.<\/p>\n

There was more good news on the workweek. Hours worked rose, which predicts future hiring. It\u2019s 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 can’t find full-time work, while\u00a0dreaded U-6 underemployment\u00a0(which even includes people who’ve given up on finding a job altogether)\u00a0crashed by 600,000 people.<\/p>\n

Even manufacturing rose, hopefully breaking a trend that started three years ago in the middle of the Biden administration. Construction jumping by 33,000 last month, driven by factory development. This trend could continue as factory building surges<\/a> under President Donald Trump.<\/p>\n

TREASURY SECRETARY PREDICTS BLOCKBUSTER 2026 FOR US ECONOMY AS DOW HITS HISTORIC MILESTONE<\/strong><\/a><\/p>\n

One of the biggest gains was average hourly earnings, which grew\u00a05%\u00a0annualized. That\u2019s close to twice official inflation \u2014 it’s actually six times inflation according to\u00a0Truflation’s current numbers.\u00a0<\/p>\n

That\u2019s a stark contrast to the Biden years when prices outpaced wage growth. Under President Joe Biden<\/a>, the average American\u2019s weekly paycheck, adjusted for inflation, actually shrunk 4%. Trump\u2019s made half of that back in his first year alone.<\/p>\n

Previous economic data pointed to a lot of labor market weakness, at least on paper, because of factors like deportations and federal government layoffs \u2014 which are counted as jobs. There\u2019s also Biden’s zombie cronies \u2014 private businesses that got government-backed loans for projects that were never going to be economically viable or profitable\u2014going bust, and slower federal spending compared to the Biden spending orgy. Meanwhile, the factors that boost jobs, like Federal Reserve rate cuts and trillions of dollars in new factories, all take time.<\/p>\n

TRUMP HAS SET THE STAGE FOR AN AMERICAN COMEBACK AFTER BIDEN\u2019S DISMAL ECONOMY<\/strong><\/a><\/p>\n

Well, this job report says we’re going from the pain to the gain. The private sector added a whopping 172,000 jobs while government shrunk by 42,000. You have to go all the way back to 1966 \u2014 an incredible six decades ago \u2014 to find a time when the federal bureaucracy was smaller than it is today.<\/p>\n

That\u2019s not to say it’s all rosy. There was a much-anticipated massive downward revision of almost 900,000 jobs from the notorious Bureau of Labor Statistics, covering the 12-month period ending with March 2025, so that\u2019s the last 10 months of Biden and the first two months of Trump. It turns out that during Biden\u2019s last year, job growth was overestimated by more than a million fake jobs.<\/p>\n

The culprit is the BLS\u2019s so-called birth-death models of company formation that use data from the COVID-19-era explosion of millions of fake businesses set up to steal federal money they were handing out like candy, from the Somali-run\u00a0\u2018Quality Learing Center\u2019<\/a>\u00a0on down.<\/p>\n

The other concern is AI. For a year we’ve been warning about a two-speed job market where blue-collar jobs grow from deportations and investments in new factories but white-collar work, especially at the entry level, gets slammed as AI draws closer to replacing cubicle jobs in finance, consulting, IT, journalism and more.<\/p>\n

In fact, January finance lost 22,000 jobs \u2014 down almost 50,000 since last May. IT was roughly flat this month, but down 90,000 since its post-Covid peak. Journalists lost 12,000 last month \u2014 down 300,000 since post-Covid peak.<\/p>\n

CLICK HERE FOR MORE FOX NEWS OPINION<\/strong><\/a><\/p>\n

Meanwhile construction was up 33,000 last month \u2014 driven by factory construction<\/a>. Manufacturing added 5,000 and will hopefully gain steam in the months and years ahead as those factories are completed and hire workers to make products.<\/p>\n

STEPHEN MOORE: FROM DOW 800 TO 50,000–REAGAN, TRUMP AND THE SUPPLY-SIDE MIRACLE<\/strong><\/a><\/p>\n

This kind of Robin Hood job market is a welcome change from 40 years of blue-collar slaughter where bad trade deals<\/a> and automation fired workers in manufacturing.<\/p>\n

Still, considering most American jobs are white collar, there’s millions at risk, if only in the short run. Technological improvement always ends up creating more jobs in new industries than it eliminates, but the losses show up first, and AI-induced layoffs should start become apparent later this year.<\/p>\n

Overall the job market is picking up, and it should accelerate with onshoring factories<\/a>, investment, and Fed rate cuts. The question becomes: can the onshoring and rate cuts soak up AI displaced workers? If not, then we need more from Congress \u2014 specifically, cutting tax burdens and regulatory red tape for small business that employs 62 million Americans \u2014 half the population \u2014 and could employ tens of millions more if bureaucrats get off their backs.<\/p>\n

E.J. Antoni, Ph.D., is Chief Economist and the Richard F. Aster fellow at the Heritage Foundation and a senior fellow at Unleash Prosperity.<\/i><\/p>\n

CLICK HERE TO READ MORE FROM E.J. ANTONI<\/u><\/strong><\/a><\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/opinion\/trumps-economic-wins-cancel-out-bidens-losses-latest-jobs-report <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The “experts” were wrong yet again as the January jobs report smashed expectations with every metric beating forecasts.\u00a0 Payrolls were up a whopping 130,000, almost […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-121678","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nTrump\u2019s economic wins cancel out Biden\u2019s losses in latest jobs report - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/trumps-economic-wins-cancel-out-bidens-losses-in-latest-jobs-report-121678\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump\u2019s economic wins cancel out Biden\u2019s losses in latest jobs report - 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