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U.S. Breakeven Employment Projected at Zero by 2027

8/5/2026

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Story summary
  • Researchers Bernard Yaros and Matthew Martin projected the U.S. breakeven employment rate will drop to zero in 2027 and turn negative by 2028.
  • The retirement wave, peaking 2026-2029, overlaps net immigration ranging from –295,000 to –10,000 in 2025 and –925,000 to +185,000 in 2026, with strong health-care hiring keeping overall job growth slightly positive.
  • The White House said President Donald Trump's administration has deported over 605,000 people since January 2025.