January Jobs Report Shows Trump Created 291,000 New Jobs, Nearly Doubles 150,000 Predicted

During President Trump’s State of the Union address on Tuesday evening, he repeatedly pointed to historic economic growth and employment opportunity under his administration.

These trends are continuing as a new jobs report released by the ADP and Moody’s Analytics shows the United States added a whopping 290,000 new jobs in the month of January.

As CNBC reports, the figure is the best recorded month of job growth since May 2015, far exceeding the 150,000 new jobs that were expected.

From the report:

Leisure and hospitality led with 96,000 new jobs, but education and health services also contributed 70,000 and professional and business services added 49,000. On the goods-producing side, construction rose by 47,000, the best growth since the 62,000 added in January 2019, and manufacturing was up 10,000, the biggest monthly gain since last February.

In all, services added 237,000 positions compared with 54,000 for goods producers. Trade transportation and utilities rose by 8,000, while the information and financial activities sectors contributed 2,000 apiece. Natural resources and mining was the sole loser with a drop of 2,000.

The president’s Midas Touch on the economy has proven nearly every one of his critics’ apocalyptic predictions wrong as he continues to raise optimism in voters across the country.

As the Washington Examiner reports, optimism for the economic growth under Trump is at a 44-year high—passing former Presidents Obama, Clinton, and Reagan.

From the report:

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Economic optimism has reached a 44-year high and economic gloom a record low under President Trump in the latest survey that shows people in the United States are cheering their best personal economy in decades.

For the first time in its history, the Gallup “Mood of the Nation” economic survey found that 59% of people believe that they are “better off,” a trend that has soared under Trump.

It is higher than when President Ronald Reagan made his economy a campaign rallying cry and better than the so-called dot-com bubble under President Bill Clinton.

And Gallup found that those who feel that they are “worse off” are down to 20%, the lowest ever.

Gallup adds:

Americans’ levels of optimism about both their current financial situation and where it will be a year from now are at or near record highs. These views align with President Donald Trump’s contention that Americans are doing better under his presidency, and with his use of the economy and job growth as key selling points for his reelection. Republicans’ positive views on their finances are something of a given for a GOP president, at least during good economic times. The majority levels of optimism among political independents are more significant for Trump’s reelection prospects — and something Trump will want to maintain in 2020 to stay competitive.