“The September jobs report has exceeded market forecasts by more than double, with 119,000 new jobs injected into the American economy. Contrasting sharply with the much-maligned Biden economy, the majority of these jobs were generated in the private sector and primarily benefited American-born workers rather than undocumented immigrants. Furthermore, wages have been on an upward trajectory, reversing the previous decline of approximately $3,000 during the Biden administration, a result of the Democrats’ inflation crisis. This robust report serves as further evidence of the success of President Trump’s pro-growth, America First agenda, which is already yielding significant benefits for American families and businesses.”
— White House Press Secretary Karoline Leavitt
The recent jobs report surpassed expectations once again, with a remarkable 119,000 new jobs created in September, alongside rising wages and an influx of Americans into the workforce. This marks another stride forward as President Donald J. Trump diligently endeavors to undo the inflation crisis that ensued during the Biden presidency, which nearly plunged the economy into chaos.
Key highlights:
- September’s job growth exceeded economists’ forecasts by more than double. The increase was largely fueled by private sector job growth (+97,000), particularly with 43,000 new positions in health care and 19,000 in construction.
- Wages for Americans have risen by 3.8% over the past year. Since President Trump assumed office, the real wages for workers have increased by $700, with projections indicating a potential $1,000 rise in the first year alone—meaning that Americans are on their way to recouping about one-third of the $3,000 in wages they lost during the Biden years.
- The American workforce is expanding. There has been an uptick in labor force participation, an increase in average weekly hours for production workers, and a significant drop in long-term unemployment—demonstrating that a growing number of Americans are seizing the opportunities presented by President Trump’s economic resurgence.
- All job gains under President Trump have been secured by native-born Americans, reversing the trends seen during the Biden administration. Over the last year, more than 2.5 million native-born Americans gained employment, while 670,000 foreign-born workers lost their jobs.
- Once again, economists missed the mark. The jobs increase “exceeded all 67 predictions in Bloomberg’s survey.”
- Expect more positive news ahead, as the Atlanta Fed GDPNow model projects a remarkable 4.2% GDP growth for the third quarter. This indicates greater job creation and higher incomes for American citizens.
Reactions from various experts:
- Economist Steve Moore: “People are seriously undervaluing this economy. We’re witnessing substantial investment and impressive consumer spending… I’m thrilled with this report, and investors should be too.”
- ABC News’s Alexis Christoforous: “As we approach a potential government shutdown, it appears the job market is performing better than anticipated. Predictions were for 50,000 jobs to be added in September; instead, we saw more than double that.”
- Christoforous: “If so many jobs were added, why did the unemployment rate rise? It’s because more individuals have re-entered the job market and are actively seeking employment… When you’re looking for work, you’re counted as unemployed.”
- Bloomberg’s Enda Curran: “This is a significant upside surprise to the headline number.”
- Strategic Wealth Partners CEO Mark Tepper: “Consumers are not just spending; they’re managing their bills effectively too. Credit card delinquencies are currently at only 1.3% and are on a downward trend… We’re in a strong position.”
- The New York Times’s Lydia DePillis: “Employers demonstrated commendable hiring activity in September.”
- The New York Times’s Ben Casselman: “Far stronger than expected.”
- The Wall Street Journal: Hiring Surpassed Expectations in September, With 119,000 New Jobs
- ABC News: Jobs report exceeds expectations, defying the notion of a hiring slowdown
- CNBC: September jobs report reveals the U.S. added 119,000 jobs, surpassing predictions
- CBS News: Employers added 119,000 jobs in September, greatly exceeding expectations
