Buried in an otherwise humdrum jobs report for March was the jaw-dropping pronouncement by the Labor Department that mining jobs in America were up by 11,000 in March. Since the low point in October 2016 and following years of painful layoffs in the mining industry, the mining sector has added 35,000 jobs.
What a turnaround. It comes at a time when liberals have been saying that Donald Trump has been lying to the American people when he has said that he can bring coal jobs back. Well, so far he has.
There’s more good news for the coal industry. Earlier this month Peabody Coal — America’s largest coal producer — moved out of bankruptcy and its stock is actively trading again. Its market capitalization had sunk by almost 90 percent during the Obama years. Arch Coal is also out of bankruptcy.