Jobs Report Shows U.S. Hiring Slowed One Year Into Trump’s Second Term
The New York Times••business
Key Points:
- The U.S. economy added approximately 584,000 jobs during President Trump's first year back in office, marking the slowest job growth pace since 2020 and significantly below the long-term average.
- Job growth in 2025 was subdued, with employers creating fewer jobs compared to over 2 million in 2024 under President Biden.
- The slowdown in hiring is partly attributed to a sharp decline in immigration and increased deportations under Trump, reducing the labor force growth and employers' need to add new jobs.
- Preliminary job figures for 2024 and 2025 are expected to be revised downward when more complete data becomes available.
- Despite the slowdown, the White House highlighted the job growth figures to address public
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