Chris Wallace: Jobs numbers show ‘the political resilience of Donald Trump’

Fox News anchor Chris Wallace said that Friday’s stunning unemployment figures illustrate “the resilience of the American economy” and show “the political resilience of Donald Trump.”

Wallace, the host of “Fox News Sunday,” said that with the data showing 2.5 million jobs added in May, the president’s bid for reelection is “a lot easier to make than it was 24 hours ago.”

The surprisingly positive jobs report has raised hopes for a quicker-than-expected recovery after lockdowns across the country due to the coronavirus pandemic sparked an economic recession.

The Labor Department said Friday that unemployment dropped to 13.3 percent in May when some analysts feared grim numbers as high as 20 percent due to the pandemic.

“I think people are going to be a little more cautious about arguing against the president because his optimism — and a lot of people thought it was unfounded optimism — looks more solid today,” Wallace said during his weekly guest spot on “America’s Newsroom” on Friday.

“It really has been a great day for the country. It shows the resilience of the American economy, and it shows the political resilience of Donald Trump,” he added.

“In the middle of a reelection campaign, obviously part of this is the economic facts and part of it is a guy who’s trying to say, ‘Put me in the job for another four years.’ At 8:30 this morning when those jobs numbers came out, that became a lot easier case to make than it was 24 hours ago,” he said. 

Still, Wallace cautioned against being too optimistic given uncertainties surrounding COVID-19, particularly with mass protests across the country against police brutality that have seen thousands of protesters gathered closely together despite social distancing guidelines.

“We are not out of the woods yet. Obviously we don’t know about this virus, we don’t know if there’s going to be a spike,” the veteran newsman said. “We’ve had these huge protests with tens of thousands of people, without social distancing, without masks. We’re going to have to wait and see if there is going to be a second wave, but at least the initial indications are that people have been able to go back to work, millions of people have been able to go back to work.”

The Dow Jones Industrial Average skyrocketed above 27,000 points on Friday following the jobs report, putting the index at its highest level since October 2019.

Wallace acknowledged that while the country has for months battled the coronavirus, which has killed more than 100,000 people in the U.S., the jobs report represented some good news.

“We’ve had a lot of bad news over the last six months, or at least last four or five months, and we should celebrate the good news today,” he concluded. “How long it will last? We’ll have to wait and see, but it’s a very good day today and the president has every reason to celebrate.”

Trump continues to trail his presumptive Democratic rival Joe Biden in the RealClearPolitics polling index by 7.1 points, with the two running neck and neck in key battleground states.

Tags Chris Wallace Donald Trump Joe Biden

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