It’s Labor Day again, and let’s cheer for the state of the economy. Yes, I don’t like gasoline prices, but the big picture is a good one, according to Pete Navarro:
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“It is a report showing a resilient economy, a rising labor force, steady wage gains, and an industrial base beginning to respond to the combined force of tariffs, tax cuts, deregulation, and reshoring.
Start with the headline: “Payroll gains of 162,000 are strong in any economy. They are especially strong in a secure-border economy. ”
The big winner in this latest report is manufacturing. Yes, you heard me right about manufacturing:
Graphic: Truth Social Post
“ Manufacturing employment rose by 16,000 in August, with nearly all of that gain coming from durable-goods manufacturing, which added 15,000 jobs. So far this year, manufacturing employment is up 58,000, driven by a 94,000-job gain in durable goods. Machinery and fabricated metals have been particular bright spots. ”
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We heard for years that our manufacturing sector was dead or a thing of the past. No more. The sound of machinery is that of someone making something. It’s modern manufacturing, but it’s still someone making something in the US.
We are reversing industrial decay and reviving all of those towns devastated by one-sided trade deals.
So, enjoy your day off and get ready for lots of football. We have something to cheer about with this complex economy.
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