U.S. Job Market Report for March 2025

In March, U.S. employers added 228,000 workers to their payrolls, exceeding expectations. The unemployment rate inched up to 4.2 percent. Private sector hiring was much stronger than anticipated, with businesses adding 209,000 jobs. Workforce participation rate and average hourly earnings rose, indicating increased demand for labor.

Economics of Detoxing the American Economy

The American economy is undergoing a transition away from government-driven growth towards a more sustainable, private-sector-driven foundation. This shift involves reallocating federal spending towards strategic priorities, focusing on national security, industrial competitiveness, and trade realignment. The goal is to foster sustainable investment, stronger market discipline, and an economy built on real production rather than financial manipulation and government intervention.

Scott Bessent's Three Pillars of Trumponomics

Treasury Secretary Scott Bessent outlined three pillars of Trumponomics: revitalizing the private sector, ensuring economic security as part of national security, and reorienting global trade relationships to prioritize American workers.

China's National People's Congress 2025

China's annual major political event, the National People's Congress, is underway to endorse decisions by the Chinese Communist Party. Leaders aim to balance innovation and domestic consumption to reinvigorate the economy amidst trade tensions with the U.S. Focus is on economic growth, domestic demand, and supporting the private sector. Experts are looking for clues on the next 5-year plan (2026-2030) priorities. The event provides insights into government priorities and future policy direction.

Disinflationary DOGE Dividends

President Trump is considering returning 20% of DOGE savings to American citizens and using another 20% to pay down government debt. Analysts argue that these 'DOGE Dividends' won't contribute to inflation as they're funded by cuts to government spending, not new money injection. The plan aims to reduce debt, increase private sector investment, and avoid inflationary pressures seen in Biden's stimulus measures.

Rick Caruso's Non-Profit Organization 'Steadfast L.A.' to Aid in Rebuilding Communities After Los Angeles Fires

Developer Rick Caruso launched a non-profit organization, 'Steadfast L.A.,' to help rebuild communities affected by recent fires in the Los Angeles area, focusing on private sector involvement. The organization aims to expedite the rebuilding process by leveraging expertise and resources from business and civic leaders.

Private Sector Hiring and Wage Growth in December

Private sector hiring cooled more than expected in December with 122,000 jobs added, wage growth slowed to 4.6% from a year earlier, and ADP's report indicates a moderation in wage growth supporting the view that pay increases are not driving inflation upward.

Sen. Elizabeth Warren's comments on the killing of UnitedHealthcare CEO

Sen. Elizabeth Warren suggests the killing of UnitedHealthcare CEO was due to people being pushed to a breaking point regarding health insurance. The article discusses Warren's history of using violent rhetoric and her views on the private sector.

Rocket Failure in China

The first stage of the Tianlong-3 rocket by Beijing Tianbing Technology detached from its launch pad during a test due to structural failure and landed in a hilly area of Gongyi, China. No casualties were reported. The rocket is part of a partly reusable rocket under development by Space Pioneer, a private Chinese firm.

The Revolving Door in Washington

The revolving door in Washington refers to the practice of lawmakers leaving office to work for lobbying firms or corporate interests, often receiving substantial financial rewards. This can create conflicts of interest and lead to lawmakers prioritizing special interest groups over the public good.

U.S. Regulatory Changes to Support Cuba’s Private Sector

The U.S. Treasury Department announced regulatory changes to allow more American financial support for Cuba’s private sector and to bolster access to U.S. internet-based services. These measures aim to support Cuba’s budding entrepreneurs while avoiding benefit to Cuban authorities.

Panama President-elect's Cabinet Appointments

Panama President-elect Jose Raul Mulino appoints business leaders and an economist to his cabinet, promising a pro-private sector administration. The new appointments signal a focus on sound fiscal management and continuity with the economic strategy of former President Martinelli.

Job Growth Slowed in April

Job growth slowed more than expected in April, leading to market speculation of rate cuts. Despite the slowdown, the number of jobs added was not weak. The unemployment rate ticked up slightly, but the rise was minimal. The private sector added a healthy number of jobs, while government hiring decreased. Health care and social assistance sectors saw positive growth. The market reaction to the report may be overdone, as it is not likely to push the Fed into immediate rate cuts.

Climate Change and Renewable Energy

Special Presidential Envoy for Climate John Kerry says hitting climate goals will cost between 2.5 to 5 trillion dollars annually for the next 30 years. He believes China might not actually use the new coal plants they're building due to the massive amount of renewable energy being deployed.

Succession in China's Private Sector Family Firms

A new generation of entrepreneurs is taking over powerful family firms in China's private sector that have historically driven economic growth.

Space Exploration and American Leadership

Michael Lukacs, a lead investor in the Odysseus Lunar Lander, emphasizes the importance of America leading in space exploration, highlighting the significance of space as the next frontier for dominance. He praises President Trump's vision for space and the establishment of Space Force.