‘Greatest economy ever’? The numbers behind Trump’s boasting
Key Points:
- The US economy grew at an annualized rate of 1.4% in Q4 2025, below expectations and down from 4.4% in Q3, with full-year GDP growth slowing to 2.2% from 2.8% in 2024; the federal government shutdown in October-November 2025 is estimated to have reduced Q4 growth by about 1%.
- The US labor market showed weakness in 2025, adding only 15,000 jobs monthly on average and losing 862,000 jobs after benchmark revisions, though January 2026 saw a stronger gain of 130,000 jobs and a slight drop in unemployment to 4.3%.
- Federal employment declined by nearly