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A really good week for President Trump keeps getting better: 225,000 jobs added in January, crushing estimates

He's rolling this week

Photo by ADRIAN DENNIS/AFP via Getty Images

It has been a good week for President Trump.

First, there was the Democratic Party's Iowa caucus debaclethey still don't have an official winner.

Then came Trump's State of the Union speech, which was well received by the public. Even MSNBC's Chris Matthews praised it.

Then, there was Trump's acquittal in the Senate impeachment trial and subsequent "celebration" speech at the White House.

Oh, and amid all of this, the president notched his highest Gallup approval rating.

And while this likely cannot be directly attributed to Trump, it's worth noting that Americans are extremely happy. A recent poll found that a record high 90% of Americans are satisfied or very satisfied with their lives.

It gets better

To top it off, on Friday, news came that the U.S. economy added 225,000 jobs in the month of January, beating economists' estimates by 67,000 jobs.

The new numbers make the average monthly gain over the past three months to be 211,000 jobs.

Additionally, average hourly wages increased by a healthy 3.1%, slightly outpacing December's annual rise of 3%. This is good news for workers, said CNBC, adding that last month's increase marks "18 consecutive months of wage gains above 3%." Wage growth was the missing ingredient to a strong job market that evaded the American economy in the decade following the recession.

According to the Wall Street Journal, "January's robust payroll gain points to a continued healthy labor market in a U.S. economic expansion now in its 11th year."

Digging into the numbers a little closer, it is revealed that industries such construction, health care, transportation, and warehousing added jobs at a strong pace in January, and despite economists' concerns that the retirement of baby boomers would hamper it, the labor-force participation rate has remained steady in recent years. In January, it ticked up to 63.4%.

Good news for Trump, bad news for Democrats

The news comes at a great time for the president, who could use the economic news to bolster his claim for a second term entering an election year.

Democrats, on the other hand, after failing to remove Trump from office in the impeachment trial, will struggle to make a case against the president provided the economy is booming.

Responding to the jobs report, Dylan Scott, writing for the liberal outlet Vox admitted as much, saying, "for Democrats, there should be one big fear heading into the 2020 election: A booming economy could save Donald Trump."

"The adage 'it's the economy, stupid' has condensed the conventional wisdom to four words: Voters (rightly or wrongly) hold the president accountable for America's financial health, and their perceptions of how they and the country are doing economically will be the most important factor when they vote," Scott continued.

But, he argued, citing CNN's Harry Enten, a foil to Trump's economic boon could be his approval rating, which, for incumbent presidents, is "far more telling of fates."

Unfortunately for Scott and the Democrats, as mentioned above, Trump's approval rating has experienced a boost of late and now sits at 49%, the highest of his presidency.

Evidently, the president is feeling confident, too. The closing words from his State of the Union address Tuesday were particularly chipper.

"Our spirit is still young; the sun is still rising; God's grace is still shining; and my fellow Americans, the best is yet to come!"

One last thing…
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