In Phil Gramm’s and my Washington Post essay on Tuesday we reported that “in 2025, nonfarm employment grew by 0.9 percent, which was notably less than the 1.6 percent increase in 2017.” Given the data available until yesterday, our data here are correct.
But yesterday it was announced that the job-growth figures for 2025 have since been revised downward. Were Phil and I to write the piece now, our point against Trump’s tariffs would be even stronger, as we’d write – using the newly announced revised data – that “in 2025, nonfarm employment grew by 0.5 percent, which was notably less than the 1.6 percent increase in 2017.”
