Friday’s jobs numbers confirm what small businesses already know: The underlying economy is far stronger than the mainstream media and financial commentators suggest.

Employers added 172,000 jobs last month, unemployment remained low at 4.3 percent, and previous job gains were revised upward by 93,000. That marks a four-sigma beat over expectations. Job creators are proving the pundits wrong once again.

The May jobs report follows strong ADP private payroll data this week and a spike in employers looking to hire. Taken together, these numbers paint a picture of a labor market that remains remarkably resilient despite months of warnings about economic weakness.

That resilience is especially evident among America’s small businesses. According to the Census Bureau, more than 500,000 small businesses were created in April, the fifth highest on record. Since last year’s Republican tax cuts, small-business creation has been approximately 20% higher than the post-COVID average.

While headlines often focus on market volatility, political........

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