Main Street Drives Employment Surge In April

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Friday’s jobs report smashed expectations again, showing the labor market is far healthier than corporate media suggests. In April, 115,000 jobs were created, and the unemployment rate remained at 4.3%.

These job gains follow a string of strong labor market indicators this week. ADP private payrolls increased by 109,000, driven by small businesses. The latest JOLTS report showed hiring surged and quits increased, a key sign that workers are confident they can find better opportunities. Thursday’s jobless claims held at a historically low 200,000. (RELATED: Main Street Could Get Hosed If Swamp Compromise On Stablecoin Comes To Fruition)

Main Street is driving these employment gains. U.S. Census data shows small business creation is hovering at a record level, approximately 20% above the post-pandemic average.

The boom traces back directly to last July’s Republican tax cuts, which made it easier for small businesses to start, expand and hire.........

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