New Jobs Report Shows Labor Market Changing

January’s jobs report smashed expectations and signals a turning point in the labor market where job creation catches up with broader economic conditions. The report shows 130,000 jobs created, the unemployment rate falling to 4.3%, and labor force participation rising.

Economic growth last quarter was above 4% and is projected to be 4% again this quarter. The Dow Jones recently reached 50,000, as I predicted last fall. And gas prices and inflation are low.

Now workers are starting to feel the benefit in terms of associated job creation and wage growth. The jobs report shows workers’ real wages continuing to significantly rise, a stark contrast to their declines during the Biden administration.

An added bonus: Parasitical federal government jobs continue to decline, falling 34,000 last month and more than 10% since Donald Trump took office. Government jobs too often padded previous employment reports when the relevant metric should be productive private-sector job creation.

Strong labor-market, economic, and financial-market growth doesn’t happen in a vacuum. It’s the result of good public policy that empowers Main Street over big government.

Exhibit A is last year’s Republican tax cuts. These tax cuts prevented the largest middle-class tax hike in history from occurring. They empowered small businesses by restoring and making permanent 100% immediate expensing and locking in a 20% deduction on earnings. These tax cuts are game changers for job creators, incentivizing them to expand, hire, and raise wages.

Despite delivering one of the most consequential tax cuts in modern American history, however, Republicans are somehow trailing Democrats on the issue of taxes, according to new Fox News polling. Even though every single Democrat voted against them.

This isn’t just backwards. It’s political malpractice fueled by a media ecosystem that has abandoned facts in favor of Democratic talking points. Voters have been told again and again — by headlines, by cable news panels, by progressive activists masquerading as journalists — that Republicans are the party of “tax breaks for billionaires.”

In reality, these are middle-class tax cuts that actually make the tax code more progressive.

A stronger economy, rising 401(k) balances, and higher living standards will help blunt the impact of this misinformation and convert some independents. But small businesses and conservatives have a responsibility to spread the word to right this polling wrong.

Every small business with a tax-savings story needs to speak up in their communities, with their employees, and on their social media, explaining how these tax cuts have helped them survive and thrive. That’s the least they can do in return for these tax savings.

Meanwhile, conservatives need to start singing from the same page on these uniting economic issues. A strong opportunity, affordability, and standard-of-living message, combined with a focus on deporting violent criminals and sanity on culture issues, is the winning approach Republicans need to boost their polling and hold onto Congress this fall.

The first step is connecting the dots between small-business tax cuts, job creation, and affordability.

Alfredo Ortiz is CEO of Job Creators Network, author of “The Real Race Revolutionaries,” and co-host of the Main Street Matters podcast.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.