At the start of the Labor Day Weekend, the White House is reporting that the Trump administration is leading a powerful economic comeback, pointing to 5 areas of significant improvements and milestones.

The first, and for most Americans, the biggest area of noticeable improvement, is the price at the gas pump. According to the White House, "Americans traveling by car for Labor Day weekend will see the lowest gas prices in at least five years amid the Trump Administration’s relentless action to revive America’s energy capabilities and undo the Biden-era stranglehold on American energy production."

In a separate article published a day earlier, the White House pointed out that gas prices had reached a milestone, with the lowest Labor Day gas prices in five years. The White House pointed to GasBuddy which reported the gas price milestone on August 26. GasBuddy said "that average gas prices on the last summer holiday weekend of 2025 will be $3.15 per gallon, 14 cents lower than in 2024, and the lowest price at the pump since Labor Day since 2020."

The White House also pointed to additional travel related milestones, pointing out that "Domestic airfares are down six percent over last year — hitting a five-year low — while hotel rates are down about 11 percent and car rental costs are down three percent."

Housing costs are usually the largest expense for most Americans. Here, too, the White House flagged significant improvement. "The average rate for a 30-year fixed mortgage fell to a ten-month low," the White House release noted. The improvement comes, the White House said, because the Trump Administration took steps to reverse the Biden Administration's immigration surge.
 
"After housing costs soared as the Biden Administration let millions of illegal immigrants into the country, the Trump Administration has made housing affordability a top priority — and it’s working," the White House said.

Pointing next to markets, the Trump White House pointed out that both the Dow Jones Industrial Average and the S&P 500 had reached new records. 

"The Dow Jones Industrial Average and the S&P 500 etched fresh record highs, with the S&P 500 on track to post its fourth straight winning month in a row as corporate earnings soar and the One Big Beautiful Bill drives renewed economic optimism."

This comes as the White House said that GDP growth "shatters expectations" for the most recent quarter.

"Second-quarter GDP was revised up to 3.3% — smashing many economists’ expectations and demonstrating the ongoing economic resilience underway in President Trump’s economy," the White House said.

This is all good news and sets the stage for the important 3rd and 4th quarters of the economic year which feature the restart of the school year and the run up through the Christmas holiday when retail spending usually peaks. 

Chief indicators to watch during this period that will be proxy measures for the economy as a whole include consumer confidence and retail spending, employment figures especially as companies may reduce workers due to AI adoption, and interest rates as the Trump administration continues to pressure the Federal Reserve to make a cut.