The labor market could become so backward that the economy will have to shed jobs to keep unemployment steady | Fortune0

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• August 1, 2026

President Donald Trump’s immigration crackdown and the surge in baby boomer retirements could soon redefine what it means to have a healthy labor market. Americans have long been conditioned to expect that robust gains in the Labor Department’s monthly payroll report will result in lower unemployment. When hiring is weak or negative, the labor market