Why the Labor Market Is Stronger Than Experts Think

The mainstream media was predictably quick to denounce the labor market as weak according to November's jobs report, but the talking heads are simply wrong. That alleged weakness is almost entirely confined to government bureaucrats and foreign workers, while private industry is employing more Americans.

These latest data were delayed because of the Democrat-imposed government shutdown, but nevertheless paint a very clear picture: the Trump administration is making good on its promise to right-size government and "reprivatize" the economy, as Treasury Secretary Scott Bessent has put it.

This was the best November ever for employment among native-born Americans, up more than 2.6 million over the last 12 months and setting a record, albeit on a non-seasonally adjusted basis. Conversely, the number of foreign-born workers with jobs declined over this period by 21,000.