Trump's Numbers, Second Term
Key Points:
- Job growth has slowed and unemployment slightly increased during President Trump's second term, with job-seekers now outnumbering job openings; federal workforce reductions contributed to sluggish employment gains.
- Inflation showed mixed signals: the Consumer Price Index rose modestly, but the Federal Reserve's preferred Personal Consumption Expenditures Index indicated worsening inflation; meanwhile, real wages increased by 1.4%.
- The economy grew an estimated 1.8% in 2025, driven by household spending and artificial intelligence investments, despite adverse trade and immigration effects and a soft labor market.
- Immigration enforcement intensified significantly, with a 91.4% drop in border apprehensions, a near halt in refugee admissions, and a substantial increase in interior deportations under Trump