January Jobs Report Smashes Expectations
The January Jobs Report Blew Past Economists’ Expectations Proving That The Trump Economy Is Hot
MORE JOBS, WAGES ARE UP, AND UNEMPLOYMENT IS DOWN- This morning’s jobs report showed the economy gained 130,000 jobs in January.
- Under President Trump, 100% of job growth is in the private sector and the economy has added hundreds of thousands of private sector jobs since he took office.
- Since reaching a peak in October 2024, federal government employment is down by 327,000.
- Between January and December 2025, two million native-born Americans have gained employment, while 662,000 foreign-born workers have lost employment.
- 1.8 million native-born Americans have joined the labor force, while 881,000 foreign-born workers have left the labor force.
- The unemployment rate fell to 4.3%, beating expectations.
- The January jobs report showed average hourly earnings rose by 0.4% from last month.
- Average hourly earnings are up 3.7% from one year ago.
- After years of massive price increases under Biden, inflation has plummeted with the latest data showing core inflation at its lowest point in five years.
- Productivity jumped from 3.3% to 4.9%, the fastest pace in two years.
PRICES ARE COMING DOWN- President Trump is bringing down prices after the record-high inflation under Joe Biden.
- Egg prices have fallen over $3.50 since President Trump took office.
- Household staples like spaghetti and macaroni, white bread, ice cream, potatoes, American cheese, bacon, fresh whole chicken, and tomatoes have all seen prices decrease since President Trump took office.
- The Breakfast Basics Index — which measures the price of three eggs, a glass of milk, a bagel, and an avocado — decreased 14% between March and September.
- The Everyday Essentials Index — which measures the price of toothpaste, shampoo, toilet paper, laundry detergent, pain medicine, and diapers — fell over the past year.
GAS AND ENERGY PRICES ARE DOWN FROM BIDEN-ERA RECORD HIGHS- Biden oversaw the most expensive gas in the nation’s history when average gas prices reached $4.93 in June of 2022.
- Gas prices have hit a four-year low under President Trump as averages have fallen below $3 per gallon.
- Americans are on track to spend the least amount of their disposable income on gas in the past two decades.
- 2025 gas prices averaged their lowest since 2020.
- Households heated by propane or heating oil will pay less to heat their homes this winter than last winter.
PRESIDENT TRUMP IS BRINGING DOWN DRUG PRICES- Thanks to his unprecedented effort to get pharmaceutical companies to lower their prices for Americans, the president was able to launch TrumpRX.
- This direct-to-consumer government website will allow Americans to purchase drugs at a discounted price negotiated by the government.
- President Trump is working to lower drug prices for Americans with his Most-Favored-Nation drug pricing plan.
- Thanks to an executive order signed by President Trump, Americans will pay less for prescription drugs.
- In July, President Trump sent a letter to the leading pharmaceutical manufacturers outlining how they must bring down the cost of prescription drugs to match the lowest price of other nations.
- President Trump has since announced over a dozen deals with major pharmaceutical manufacturers to bring drug prices down including Pfizer, AstraZeneca, Johnson & Johnson, and Eli Lilly.
- These unprecedented deals will lower costs for inhalers, arthritis medication, obesity drugs, and infertility medicine.
HOUSING AND RENT COSTS ARE COMING DOWN- National median rent has fallen five months in a row as rent prices fell 0.8% in December.
- President Trump is making it more affordable for Americans to buy a home.
- Under the Biden administration, mortgage rates hit a 22-year high.
- President Trump has brought down the 30-year fixed mortgage rate from over 7% when he took office to 6.1% today.
- Mortgage affordability is at a four-year high after rates fell in January.
- National median rent fell in January, marking the sixth consecutive month that rents have declined.
- President Trump has vowed to lower mortgages with $200 billion bond purchases.
INVESTMENTS IN AMERICA ARE SURGING AND THE ECONOMY IS GROWING- Thanks to President Trump’s leadership, companies have invested trillions of dollars into U.S.-based operations, creating thousands of jobs for Americans.
- These sectors include manufacturing, technology, AI, pharmaceuticals, and energy.
- These opportunities are going to American born workers.
- The President’s Working Families Tax Cut will save or create up to 7.4 million jobs over the next four years.
- The Atlanta Fed 4th Quarter GDP growth estimate increased to 5.4%.
- Last week, the Dow hit 50,000 for the first time ever.
- Trump Accounts – a historic new savings tool created under the working Families Tax Cuts – are a way to invest in America’s children so they can accumulate wealth by the time they are adults and are now live.
PRESIDENT TRUMP’S TARIFFS ARE WORKING- President Trump’s tariffs are expected to raise $2.8 trillion through 2034 and grow the economy.
- The trade deficit has narrowed to its lowest level since 2009 thanks to President Trump’s America First agenda.
- U.S. exports are up 6% over last year, the second-highest number on record.
- The seasonally adjusted trade deficit with China has narrowed to its second-smallest since 2009.
- The Treasury Department recorded a surplus of $198 billion in tariff revenue which was the largest surplus of any September on record.
- An analysis from the Congressional Budget Office projected that President Trump’s tariffs will reduce total deficits by up to $4 trillion over the next decade.
- President Trump detailed the success of his tariffs in a recent Wall Street Journal op-ed.
REPUBLICAN STATES ARE LEADING THE CHARGE
