President Donald Trump speaks following the discharge of the primary full jobs report of his second time period.
President Donald Trump boasted that the U.S. is experiencing a “manufacturing boom” following the discharge of the primary full jobs report of his second time period.
The Labor Division on Friday reported that employers added 151,000 jobs in February, beneath the estimate of 160,000 jobs made by LSEG economists. Nonetheless, manufacturing added 10,000 jobs in February, above LSEG economists’ estimate of a 5,000 acquire.
“During the last year the Biden administration saw a loss of more than 110,000 manufacturing jobs or 9,000 manufacturing jobs every single month. During the first full month in office, we’ve not only stopped that manufacturing collapse, but we’ve begun to rapidly reverse it and get major gains,” Trump mentioned. “We created 10,000 manufacturing jobs in February alone. That hasn’t happened in a long time.”
“The ISM Manufacturing Survey and the S&P Manufacturing Survey have also confirmed that our administration is presidng over a brand-new domestic manufacturing boom after a major collapse under Biden.”
TRUMP DEFENDS TARIFF PAUSES ON SOME CANADIAN, MEXICAN IMPORTS, AIMS TO HELP US AUTOMAKERS
President Donald Trump raises his fist as he addresses a joint session of Congress on March 4. (Win McNamee/Pool/AFP through Getty Pictures / Getty Pictures)
Trump mentioned he thinks the labor market is “going to be fantastic,” however it may have high-paying manufacturing jobs versus authorities jobs.
“We had too many people in government. You can’t just do that. We had many, many, too many. This is for 40 years. You know, this isn’t just now. This built up and got worse and worse, and they just hire more and more people.”
Federal authorities employment declined by 10,000 jobs in February because the Division of Authorities Effectivity (DOGE), led by Elon Musk, started to make cuts.
TREASURY SECRETARY BESSENT: ‘I’M NOT WORRIED ABOUT INFLATION’ FROM TARIFFS
The U.S. financial system added fewer jobs than anticipated in February, based on the Labor Division. (Leonardo Munoz/VIEWpress / Getty Pictures)
“Since the beginning of NAFTA, there’s been 90,000 plants and factories closed in this country. Think of that, 90,000 plants and factories have been closed in this country. Many of them have been car manufacturing plants. And that’s a terrible statistic. And we’ll be turning it around,” Trump continued.
“You’re going to see it already. We already have numerous that are being built or starting to be built, and numerous that were being built in other countries and they stopped and they’re coming here now because of the tariffs. And that’s a big deal. That’s what you want to hear.”
Trump additionally mentioned Canada costs a 250% tariff on U.S. dairy and lumber merchandise, and that until Canada lowers that tariff, the U.S. will impose a reciprocal 250% tariff on like items – probably as quickly as at this time.
Staff transport Chrysler minivans on the Stellantis Windsor Meeting Plant in Windsor, Ontario, Canada, on Jan. 31. Trump introduced this week that U.S. automakers who adjust to the United States-Mexico-Canada Settlement (USMCA) are getting a one-m (Geoff Robins/AFP through Getty Pictures / Getty Pictures)
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“They’ll be met with the exact same tariff unless they drop it. And that’s what reciprocal means. And we may do it as early as today, or we’ll wait till Monday or Tuesday. But that’s what we’re going to do,” Trump instructed reporters on the White Home. “We’re going to charge the same thing. It’s not fair. Never has been fair. And they’ve treated our farmers badly.”
FOX Enterprise’ Eric Revell contributed to this report.
