“Today’s stunning jobs report, which defied all expectations, underscores the success of President Trump’s economic strategies. The unemployment rate has dropped, and private sector job growth remains vigorous—especially in specialty trade construction roles, thanks to the President’s considerable investments in U.S. manufacturing. Moreover, recent revisions indicate that the job market under Biden was even less favorable than we thought, as President Trump effectively navigates the nation away from the Biden-era challenges by reducing federal employment to its lowest level since 1966 and igniting economic growth.”
— White House Deputy Press Secretary Kush Desai
Job Growth Surged in January — With a Strong Focus on the Private Sector
- The economy saw an addition of 172,000 new private sector jobs, while 42,000 government positions were eliminated, pushing the unemployment rate down to 4.3%.
- As Trump’s agenda unfolds, the construction sector is booming, with 33,000 new jobs in January, notably 25,000 in nonresidential specialty trades—marking the largest monthly gain in five years.
- With January contributing 130,000 new nonfarm jobs, this marks the most significant monthly job growth yet, a clear indication that President Trump’s pro-growth initiatives are gaining traction in the labor market.
- During President Trump’s second term, a total of 615,000 private sector jobs have been created, while federal employment has decreased to its historic lowest level since 1966—both in absolute terms and as a fraction of the total workforce.
As Wage Growth Accelerates, More Americans Seek to Join the Trump Economy
- Average weekly earnings for private sector employees surged by 0.7% in January.
- During President Trump’s second term, average weekly earnings have seen an increase of 4.3%, while hourly earnings have climbed by 3.7%.
- Labor force participation among prime-age workers has reached its highest level since 2001, indicating a resurgence of Americans entering the workforce.
The Numbers Surpassed All Expectations (Once Again)
- The number of new jobs in January exceeded economists’ predictions by more than double, reflecting a robust labor market that has outperformed nearly all forecasts from Bloomberg analysts.
The Labor Market Under Biden Was Weaker Than Previously Understood
- Job growth during Biden’s final two years was overstated by a staggering 1.9 million jobs from initial estimates to current figures.
