Trumponomics triumphs in US jobs report just in time for the midterms

American manufacturing is on the rebound — and that good news could hardly come at a better time for President Donald Trump, as Republicans gird themselves for the midterm elections just two months from now.Manufacturing isn’t the only sector that’s on a hiring spree; businesses across the board added 162,000 new jobs in August.Even The New York Times called the latest employment numbers “zesty.”The paper quoted T.Rowe Price’s chief US economist, Blerina Uruci: “It’s a very good report .

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And it perhaps shows that financial conditions more broadly are not that tight.”The workforce participation rate rose as well — which matters, because people who drop out of the labor force are invisible in unemployment rates that only count those who are looking for work.This economy is pulling Americans who’d given up hope off the sidelines and putting them to work.That’s a success not only for Trump’s economic policy, but for his immigration crackdown, too: It’s no longer so easy for companies to abandon Americans by hiring foreign workers instead.Establishment economists predicted none of this.They were certain Trump’s tariffs would be catastrophic, and that American industry would contract without constant infusions of foreign labor.Relentless efforts to stop the president’s economic agenda in the courts created uncertainty that’s bad for business.Companies have to make plans based on a predictable environment of taxation and regulation — if nobody knows whether tariffs will remain in place, nobody can afford to make long-range decisions about re-shoring jobs and buying from American suppliers instead of sources overseas.That’s what the president’s foes — who want maximum economic globalization — were counting on.Voters chose Trump’s agenda over the alternatives in 2024, when they sent him back to the White House with full Republican control of Congress.Then again, losing an election doesn’t matter if you can use lawfare in t...