The January jobs report was released this morning. Many media talking heads hoping to badmouth President Trump’s economic policies were stunned at the figures. The “experts” were predicting at most 55,000 new jobs. The “whisper number” was lower than 40,000. Instead, 130,000 new jobs were created last month. This is an amazing figure, and it’s actually even better than that when you dive into the details. The private sector created 172,000 jobs in January. At the same time, 42,000 government jobs were eliminated. (172,000 – 42,000 = 130,000) So, the private sector that creates wealth is growing, and the government, which taxes and spends your money, is shrinking.