Just how bad are these job numbers?

It’s a weird time for jobs numbers. Another month, another jobs report pushed back by the Bureau of Labor Statistics. Averaging two private sources, ADP and Revelio Labs: an estimated 4,500 jobs were added in January. Sounds like … not many.

And, yet, the unemployment rate hasn’t seemed to have risen. This might be, in part, due to the Trump administration’s immigration crackdown. We’ll explain through the story of one Angeleno.

On today’s show, how bad are these job numbers? Or are they not bad at all? And what does immigration have to do with it?

Related episodes: Can we still trust the monthly jobs report? (Update) What you need to know about the jobs report revisions What really goes on at the Bureau of Labor Statistics (Update)

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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