WATCH: President Donald Trump is delivering remarks from the Oval Office this afternoon in response to the latest jobs report—the first of his presidency.
President Trump is also expected to address ongoing developments with Iran and the fragile Israel-Hamas ceasefire.
🔥 Key Takeaways from the Jobs Report
📊 February Job Gains: According to CNN, the U.S. economy added 151,000 jobs, continuing a historic labor market expansion.
However, some observers raised concerns over uncertainty stemming from the administration’s ongoing tariff negotiations:
The White House said Friday that America’s manufacturing industry is staging a comeback, after the Labor Department reported that manufacturers added 10,000 jobs in February.
“In one month under President Trump, the American economy is soaring back to greatness after the economic calamity left by Joe Biden. The manufacturing industry is already rebounding,” according to a statement from White House Press Secretary Karoline Leavitt.
NEC Director Kevin Hassett: The bottom line is the Biden admin created government jobs, and we reduced government jobs… Manufacturing jobs are UP 10,000, with 9,000 of those being new jobs for auto workers, which are high-paying jobs.
— Rapid Response 47 (@RapidResponse47) March 7, 2025
"I think it's a FANTASTIC report." pic.twitter.com/964vTyBV1L
But it’s still too soon to even claim that this is Trump’s economy — at least according to Commerce Secretary Howard Lutnick.
“We are in the middle of March,” Lutnick said during a CNBC appearance earlier this week. “My president took over Jan. 20. You think economic data coming out in early March is Donald Trump-related data?”
The Trump administration also pointed to the Institute for Supply Management’s latest manufacturing survey showing that the industry expanded in February for the second-straight month, after shrinking for 26 months. But that same survey showed that manufacturers are on edge over Trump’s whipsawing tariff policies and their write-in responses weren’t very rosy.
💼 Sector Breakdown:
✔️ Manufacturing: +10,000 jobs
✔️ Automotive: +9,000 jobs
❌ Government: -7,000 jobs
💰 Market Reactions: While some analysts see this as a solid report, Fox Business anchor Maria Bartiromo called it “weaker than expected”, hinting that the Federal Reserve may cut interest rates in response.
Maria Bartiromo on a weaker than expected February jobs report: "The jobs picture is weakening. Weaker than expected jobs again in the month of February tells you that the Fed is gonna cut rates!" pic.twitter.com/fBsFnEwCoN
— Aaron Rupar (@atrupar) March 7, 2025
What Do You Think?
🤔 Do you believe this jobs report is good or bad for the economy? Tell us your thoughts on the state of the economy and what the Trump administration should do next in the comments below!
This is a breaking news story. Please check back for updates.
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Why use Maria Bartiromo as a finance/economy source? There’s got to be more credible voices out there, she’s got too much opinion and bias in her reports.