Becker Private Equity & Business Podcast
The Complicated Economy of President Trump: 10 Quick Statistics 6-3-25
Tue, 03 Jun 2025
In this episode, Scott Becker outlines 10 critical statistics shaping the current U.S. economy under President Trump.
Chapter 1: What statistics are discussed about the economy under President Trump?
This is Scott Becker with the Becker Private Equity and Business Podcast. Thrilled to be ranked number one today in the Apple Business News rankings. The next four podcasts are from the Wall Street Journal and then from Bloomberg, so thrilled with that company as well. Today's discussion is the complicated economy of President Trump, 10 quick statistics. I'm going to try here not to editorialize
Chapter 2: How do job openings compare to previous months?
And at the end of the day, the economy seems very similar to the Biden economy. There might not be as much inflation right now, but that might have been coming down as well. But we've still got a deficit amped up economy, and we'll talk about that, but I'll try not to editorialize here very much. First, jobless openings rose in April more than expected.
Chapter 3: What is the current unemployment rate?
Second, the Labor Department reported 7.4 million job openings. Analysts had projected 7.1 million. March at 7.2 million job openings. Job openings remain high. Third, unemployment remains close to 4.2%. Fourth, here's one of the stats where things are just right on with the Biden administration. Federal deficit numbers remain high with no reduction in the near term.
Chapter 4: What are the federal deficit numbers like?
The CBO projects the fiscal year budget for 2025 to show a $1.9 trillion deficit, slightly up from 2024. This is about 6.5% of GDP. Fifth, the 2025 deficit should lead to around a total deficit of $38 trillion. We'll talk about more on that at some point. Sixth, inflation is slowing considerably, and it's down for the CPI consumer price index at 2.3% for the 12 months ended April 2025.
Seventh, the U.S. is expected to spend nearly $1 trillion on interest in 2025. At some point, to knock that down, you've got to knock down the principal. Eighth, the U.S. stock market is back to slightly positive year to date. The S&P 500 is now up a little more than 1% year to date. Ninth, the GDP showed slightly negative growth in the first quarter and expected to slow to 1.62% this year.
Tenth, Fed Chairman Powell is not moving too fast to reduce interest rates until the job market softens and slows until inflation and his preferred inflation measure slows a little bit more. In any event, a lot to digest. At the same time, we still have a deficit-ramped-up economy and not getting nearly the amount of growth. We're sitting at 6.5% of GDP on deficit.
We ought to be getting a lot more growth than 1% to 2%. Thank you for listening to the Becker Private Equity and Business Podcast. Thank you very, very much.