February Jobs Report Blows the Doors Off 'Expectations'

President Donald Trump speaks at a campaign rally Wednesday, Feb. 19, 2020 in Phoenix. (AP Photo/Rick Scuteri)

You know how Democrats are always saying Wall Street doesn’t reflect how things are going on Main Street? This is usually done to hand wave away stock market gains as an indicator of the economy. Well, we are about to get a pretty good test of whether they actually believe that, because while the stock market is in a correction due to coronavirus, job growth continues to explode.

The economy added a whopping 273,000 new jobs in February. This crushed “expectations” because in the era of Trump, that’s what always happens.

The fundamentals of the economy remain strong and that’s why any proclamations about Trump’s demise due to the stock market fluctuating are premature. Coronavirus is not going to be around forever. Infections will cease as the warmer summer weather gets here. Supply lines will reopen, consumer confidence will increase, and you should see the stock market rebound in a big way just as the general election heats up.

Of course, this isn’t just about politics. Every new job went to a real person who needed one. Wages continue to rise as well, which only helps average Americans. All of this is objectively good for the country and should be celebrated. Instead, we have a media that seeks to cause panic and often appears to be rooting for a recession because they see it as a way to damage Trump. It’s extremely selfish and cynical.

For the moment though, things continue to look good for the future. Let’s hope it stays that way.

 

Bonchie
Front-page contributor for RedState. Visit my archives for more of my latest articles and help out by following me on Twitter @bonchieredstate.
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