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President Donald J. Trump has long said that America is the hottest country in the world — and today’s blockbuster jobs report delivers the proof. The economy added a massive 165,000 new jobs in October, more than double what experts expected, with the unemployment rate falling, manufacturing surging, prior months revised sharply higher, and broad-based gains. Experts agree: this is a booming labor market. Edward Jones Senior Global Strategist Angelo Kourkafas : “This was a blowout jobs report. Payroll growth exceeded expectations, revisions were positive, the unemployment rate fell, participation improved, and wage growth strengthened.” EY-Parthenon Chief Economist Gregory Daco : “It’s as good as can be, really.
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