by Debra Heine
“America First policies continue to unleash historic growth and prosperity for our workers,” The U.S. Department of Labor said in a statement.
The U.S. jobs report released Thursday shattered expectations, with 147,000 new jobs added, well above the Dow Jones forecast from economists that had predicted 110,000 new jobs in June.
“America First policies continue to unleash historic growth and prosperity for our workers,” The U.S. Department of Labor said in a statement.
In another welcome development for the economy, unemployment rate fell to 4.1 percent, after economists had projected an increase to 4.3 percent.
“The universe is healing,” commented White House Deputy Chief of Staff Stephen Miller on X.
Boosted by this good news, U.S. stocks rose on Thursday, “with the S&P 500 and Nasdaq Composite hitting fresh record highs,” CNBC reported.
The Dow Jones Industrial Average advanced 344.11 points, or 0.77%, settling at 44,828.53. The S&P 500 added 0.83% to close at 6,279.35, while the Nasdaq gained 1.02% and ended at 20,601.10. Both the S&P 500 and the Nasdaq Composite also closed at records.
President Trump also announced a U.S.-Vietnam trade agreement Wednesday, prompting investors to “eagerly” await “any potential future deal announcements as the president’s early July deadline on his 90-day tariff pause approaches next week,” according to CNBC.
Treasury Secretary Scott Bessent credited President Trump’s three legged “growth agenda” of “trade, taxes, and deregulation” for the good economic news.
“Once we pass the One, Big, Beautiful Bill and have tax certainty, economic growth will surge to levels unseen since post-World War II,” Bessent posted on X,Thursday.
“President Trump is a historic leader at a historic moment, working at lightning speed on behalf of the American people. It is time to pass OBBB,” the Secretary added.
Job Creators Network CEO Alfredo Ortiz also said Trump’s policies on trade, taxes and regulations are what’s fueling America’s comeback.
“Hats off to President Trump because this three-legged stool of his has really been powerful: The trade, taxes, and regulations together, Ortiz said on Fox Business. “It’s all about Jobs! Jobs! Jobs!”
Citing Trump’s historic achievements in just his first six months, including the passage of his “Big Beautiful Bill,” Congressman Andy Ogles (R-Tenn.) on Thursday officially asked Secretary of the Interior Doug Burgum to consider adding President Trump’s face to Mount Rushmore.
Debra Heine
Source: https://amgreatness.com/2025/07/03/new-jobs-report-shatters-expectations-sp-500-and-nasdaq-hit-record-highs/
No comments:
Post a Comment