- Private-sector employment reached 99.8 percent in the first half of Trump's second term, contrasting sharply with Biden's final years, where only 75 percent of new jobs were private sector.
- The U.S. added 139,000 private-sector jobs in May alone, led by leisure/hospitality (+48,000), transportation (+5,800) and construction (+4,000), marking continued expansion.
- Real hourly earnings grew nearly four percent annually, outpacing inflation, while real disposable income surged at a 7.5 percent annualized rate under Trump, triple Biden's final year.
- One hundred percent of job gains since January went to native-born Americans, reversing a prior trend favoring foreign-born workers – aligning with Trump's "America First" labor policies.
- Analysts hailed the report as proof of a "blockbuster economy," citing strong GDP, low inflation and small-business growth, with further optimism ahead of upcoming CPI data.
A recent report, released by the Bureau of Labor Statistics (BLS), has revealed that private-sector employment surged to 99.8 percent in the first half of President Donald Trump's second term, in contrast to the final two years of former President Joe Biden.
According to the BLS report, the new figures offer a sharp contrast to the labor market performance during the Biden administration, which relied heavily on public sector hiring. During Biden's final two years in office, only 75 percent of new jobs were in the private sector, raising questions about the sustainability and nature of previous employment gains.
In the latest BLS report, the U.S. economy added 139,000 new private-sector jobs, with the unemployment rate holding steady at 4.2 percent, in May alone. Key sectors driving this growth included leisure and hospitality, which added 48,000 jobs; transportation and warehousing, with 5,800 new positions; and construction, which saw a gain of 4,000 jobs, marking its fourth consecutive month of expansion. (Related: U.S. economy added 139,000 jobs in May, topping expectations.)
Private-sector workers are also seeing their paychecks grow faster than expected. Real average hourly earnings have risen nearly four percent over the past year, significantly outpacing inflation and analyst forecasts. Additionally, real disposable personal income has grown at a 7.5 percent annualized rate since Trump took office – more than triple the pace seen during the final year of the Biden administration.
One of the most politically significant trends in the new labor data: native-born American workers have accounted for 100 percent of job gains since January. This reverses a pattern from the previous two years, during which the majority of employment growth had gone to foreign-born workers, according to prior BLS breakdowns. The Trump administration has made domestic labor a centerpiece of its economic message, pledging to prioritize American workers through stricter immigration enforcement, re-shoring manufacturing and expanding skilled trades training.
"President Trump's America First Economic Agenda has created a BOOMING economy – jobs are up, unemployment is down, wages are increasing and inflation is dead. Americans should continue to trust in President Trump, who continues to beat expectations." White House Press Secretary Karoline Leavitt said.
Economic analysts call the report evidence of a surging U.S. economy
Members of Trump's economic team and outside analysts hailed the report as further evidence of a surging U.S. economy.
"The President is succeeding in creating hundreds of thousands of jobs since he came into office – more than half a million jobs since he came into office – and they're all going to native-born Americans," said Council of Economic Advisers Chair Steve Miran.
Economist Steve Moore described the data as evidence of a "blockbuster economy," citing strong GDP growth and low inflation. Job Creators Network CEO Alfredo Ortiz said small businesses are thriving again, calling the job creation figures "exactly what Donald Trump wanted to do" to reverse policies from the prior administration.
Market analysts echoed the upbeat sentiment. Fox Business Network anchor Cheryl Casone said stable employment could boost consumer confidence ahead of summer, while ERShares CEO Joel Shulman pointed to renewed optimism, with upcoming inflation data expected to reinforce the positive economic momentum.
"There's optimism here on the horizon … CPI last month was a catalyst. I think we're going to see another catalyst on June 11, coupled with this better-than-expected jobs report – so I think things are looking more optimistic," Shulman said.
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Watch the video below where Antoni discussed how the U.S. labor market is nowhere near as robust as people thought it was.
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