Jobs Report: Private Sector Boost, Wage Growth Up

The latest jobs report shattered expectations once again, adding 119,000 new jobs in September as wages grow and more Americans enter the workforce. It's another step in the right direction as President Donald J. Trump works tirelessly to reverse the Biden-era inflation crisis that brought the country to the brink of economic ruin.

Here's what you need to know:

• September's jobs report more than doubled economists' expectations. The job growth was driven almost entirely by private sector job gains (+97,000), including 43,000 new jobs in the health care sector and 19,000 new jobs in the construction sector.
• Americans' wages are up 3.8% over the year. Since President Trump took office, workers' real wages are up $700 and are on track for a $1,000 increase after his first year - meaning Americans are on track to make up one-third of the $3,000 in wages lost under Biden.
• Americans are working. Labor force participation increased, average weekly hours for production workers increased, and long-term unemployment fell sharply - proof that a growing share of the American people see the opportunity in President Trump's economic comeback.
• Under President Trump, all job gains have gone to native-born Americans - reversing the Biden-era trend. Over the past year, more than 2.5 million native-born Americans gained employment, while 670,000 foreign-born workers lost employment.
• Economists got it wrong (again). In fact, the jobs increase "beat all 67 forecasts in Bloomberg's survey."
• There is more good news to come, with the Atlanta Fed GDPNow model now projecting a blockbuster 4.2% GDP growth figure for the third quarter. That means more jobs and higher incomes for Americans.

Here's what they're saying:

• Economist Steve Moore: "I think people are under-hyping this economy big time. I mean, we're seeing huge investment numbers. We're seeing great consumer spending numbers… I am very happy about this report and I think investors should be, too."
• ABC News's Alexis Christoforous: "Heading into that historic government shutdown, the job market was healthier than we thought. The expectation was for 50,000 jobs to have been added in the month of September; we got more than double that."
• Christoforous: "If the economy added so many jobs, why did the unemployment rate go up? It's because more people came off the sidelines and were actively looking for work… When you're looking for work, you're actually counted among the unemployed."
• CNBC's Steve Liesman: "This report really bolsters the case of the hawks on the FOMC who have said they do not see serious deterioration in the labor market… A robust report."
• Bloomberg's Enda Curran: "That's a big upside surprise on the headline number."
• Strategic Wealth Partners CEO Mark Tepper: "Not only is the consumer still spending, the consumer is paying their bills on time. When you look at credit card delinquencies, they're at only 1.3% - and they're ticking lower… We're in a good situation."
• The New York Times's Lydia DePillis: "Employers notched a very respectable month of hiring in September."
• The New York Times's Ben Casselman: "Much stronger than expected."
• The Wall Street Journal: Hiring Defied Expectations in September, With 119,000 New Jobs
• ABC News: Jobs report blows past expectations, defying hiring slowdown
• CNBC: Delayed September report shows U.S. added 119,000 jobs, more than expected
• CBS News: Employers added 119,000 jobs in September, blowing past expectations