Trump Has More to Say on the Stellar August Jobs Report, Wall Street, and Interest Rates

The August jobs report from the Labor Department crushed expectations upon its release on Friday, coming in at nearly three times what analysts projected (53,000), with 162,000 jobs added, as RedState wrote earlier.

Nick Arama said, “One of the biggest things people took note of was how the growth was where it should be — in private sector jobs. Private payrolls were up 127,000, when they were expecting 43,000.”

[snip]

This is an incredible story almost nobody knows … Trump & the GOP have prioritized private sector payrolls over government. https://t.co/W0QObDjODM— Scott Jennings (@ScottJenningsKY) September 4, 2026

That might be part of the reason President Trump swiftly jumped into the conversation, with his initial thoughts on the matter, in a Truth Social post, praising the “[g]reat jobs number just announced, breaking all estimates (except mine!) by double and triple,” then urging the Federal Reserve to take it as an indicator to lower interest rates:

pic.twitter.com/lVol4Ly00v— Rapid Response 47 (@RapidResponse47) September 4, 2026

[snip]

“Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE!” he added.

The president also gave a backhanded compliment to the U.S. Supreme Court for one part of its recent tariffs decision, writing, “LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged ‘the President’ has an absolute right to do. IT’S BETTER THAN TARIFFS!”

[snip]

But he had more to say on the economic report, the cause of inflation, and how Wall Street reacted negatively to it later on Friday, during an open-media, executive order signing ceremony in the Oval Office.

🚨BREAKING: Trump says he predicted the stock market would fall on good jobs news, moments before it happened.

“I said, watch, the stock market will go down because we have good numbers.”

“Growth does not cause inflation. Stupidity causes inflation.” pic.twitter.com/I5101CqnsB— Coin Bureau (@coinbureau) September 4, 2026

His remarks tie in to an updated Truth Social post he shared ahead of the event, with more about the stock market’s sell-off and, yes, interest rates:

pic.twitter.com/wgHyJytBI0— Rapid Response 47 (@RapidResponse47) September 4, 2026

[snip]

Trump said “[i]t should be the opposite, and always was until 25 years ago. If we stay with this Theory, we will never be able to have the True Economic Greatness for our Country that it deserves, because every time we do well, the stupid people want to immediately stop this Great Upward Momentum,” repeating ‘GROWTH DOES NOT CAUSE INFLATION!'”

“I knew this morning as soon as I looked at these fantastic Job Numbers that the Market would go down when it should be going UP like a Rocketship,” Trump continued. “We should be doing GDP of 15 and 20%, not 2, 3, and 4%, and America should become Far Greater Financially than it is right now. Our Debt would be paid off, and all of these other things would happen.”

[snip]

You can watch his full remarks from the Oval Office on the jobs report below, including about what the second Trump administration has had to overcome with the soaring inflation under former Pres. Joe Biden:

President Trump says egg and beef prices are trending downward after his administration inherited elevated food prices and inflation.

He also pointed to the latest jobs report, highlighting 162,000 new jobs, which he said was roughly five times higher than projected.

Watch OAN… pic.twitter.com/VV2Q6cPEYw— One America News (@OANN) September 4, 2026

(*) Full article: https://redstate.com/beccalower/2026/09/04/trump-economy-august-jobs-report-n2206523