An Awesome Employment Report
Economists predicted Donald Trump’s immigration policies would starve employers of workers and hit an economic speed limit.
The rapid growth of the economy in the second and third quarters of 2025 was seen as something of an anomaly. Many analysts saw it as unsustainable given the constraints on the growth of the labor force created by baby boomer retirements, deportations, and the slowdown in immigration. As Federal Reserve Chairman Jerome Powell said in defending his cautious outlook, “the lore is that when GDP and the labor market get into an argument, in the end, labor market is more—the labor market data is more reliable.”
That bit of lore turns out not to have been true.
The economy added 130,000 jobs in January, twice as many as expected. Even more impressive, the private sector added 172,000 jobs while the government sector shed 42,000 employees. The acceleration of America’s economic growth under President Trump is driving up hiring without the need for the arrival of hundreds of thousands of workers crossing our borders in defiance
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