Friday’s June jobs report, with its expectations-shattering gain of 224,000 net jobs (including 17,000 manufacturing jobs) and its 4% unemployment rate (effectively full employment), reinforces what was already popularly understood about the Trump-era economy. Unemployment is historically low. Job creation is historically strong. Wages continue rising under Trump after a long period of stagnation under predecessors of both parties.
You have to give the man credit — or so you’d think. Dozens of Democrats running for president beg to differ, but they also lack adequate excuses for how all this prosperity came about if President Trump’s presidency is really the disaster they claim it is.
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