Is this email difficult to read? View it in a web browser. ›

The Wall Street Journal logo The Wall Street Journal logo
Wealth Advisor
Wealth Advisor

Slightly Smaller Government

Trump still has a lot of budget-cutting to do.

The Labor department says the U.S. economy added a modest 584,000 jobs in 2025. The good news is that many of the jobs were created in productive enterprise. The best news of all is about the place where jobs were not created at all—at one particularly unproductive and highly indebted enterprise. The Journal’s Harriet Torry reports:

Since reaching a recent peak last January, federal government employment is down by 277,000 jobs, or more than 9%, the Labor Department said.

Demographics suggest that the news for taxpayers may get even better in the next few years as retirement beckons for career feds. Scott Kupor, director of the federal Office of Personnel Management, noted last month:

Roughly 7% of the federal workforce is under the age of 30, compared with about 22% in the non-government workforce. We also have an aging employee demographic on the other end of the spectrum – 44% of federal employees are over the age of 50, compared with about 33% in the non-government workforce.

But as readers well know, given the massive costs of federal entitlement and other programs, even the significant reduction in the federal workforce over the last year is just the start of needed fiscal discipline. But at least it’s a start.

The Congressional Budget Office reports today:

Read the Article ›

 

Connect With WSJ Opinion

You can follow all opinion content at @WSJopinion on X, Facebook, and Instagram.

 
Share this email with a friend.
Forward ›
Forwarded this email by a friend?
Sign Up Here ›
 
Advertisement
 
Desktop, tablet and mobile. Desktop, tablet and mobile.
Access WSJ‌.com and our mobile apps. Subscribe
Apple app store icon. Google app store icon.
Unsubscribe   |    Newsletters & Alerts   |    Contact Us   |    Privacy Notice   |    Cookie Notice
Dow Jones & Company, Inc. 4300 U.S. Ro‌ute 1 No‌rth Monm‌outh Junc‌tion, N‌J 088‌52
You are currently subscribed as npdspy7ne@niepodam.pl. For further assistance, please contact Customer Service at support@wsj.com or 1-80‌0-JOURNAL.
Copyright 2026 Dow Jones & Company, Inc.   |   All Rights Reserved.
Unsubscribe