Our first quarterly update of various economic and social indicators under Trump's second term as president.
Under President Donald Trump’s second term:
- Job growth slowed, with a total of 369,000 jobs created as of March. The unemployment rate ticked up to 4.3%.
- Inflation worsened a bit, and gasoline prices increased after U.S.-Israeli airstrikes on Iran.
- Average weekly earnings of private-sector workers, adjusted for inflation, rose 1.0%.
- The economy grew 2.1% in 2025.
- Consumer sentiment has now hit a record low.
- The number of apprehensions at the U.S. border with Mexico decreased about 92%, and refugee admissions dropped by the same percentage.
- The percentage of the population lacking health insurance held steady in the first six months of 2025.
- The trade deficit dropped 14% for the most recent 12 months.
- The number of murders nationwide has continued to decline, a trend that began in 2022.
- The stock market fell dramatically after the U.S.-Israeli strikes on Iran, then rebounded and reached new heights.
- Oil production went up 2.7%, and oil imports declined by almost 6.6%. Carbon emissions increased slightly.
- About 3 million fewer people are receiving federal food assistance.
- The federal debt held by the public rose by about 8.6%.
