I sat down with Blake Burman to walk through the latest jobs report and explain what the topline numbers miss. I break down why government employment is shrinking by design, why job growth looks different now that illegal-alien hiring is reversing, and why manufacturing job gains come after investment and construction—not before. We also talk about the Federal Reserve holding rates too high, how that’s suppressing housing and construction, and why the Trump administration has set the stage for a manufacturing rebound that takes time to show up in the data. Bottom line: we know people are still hurting, we’re not denying that, and we’re focused on turning investment into real jobs and higher wages—without letting the media rewrite how we got here.
