The current discussion of a "weak job market" largely stems from the numbers related to illegal immigrant deportations and voluntary repatriations. The remaining changes are mainly due to adjustments in federal employment figures.

From a market perspective, this is a clear positive signal — but most media outlets fail to clarify this detail in their reports. This kind of structural labor force adjustment actually reflects a market rebalancing driven by policy guidance, rather than a genuine deterioration in employment. Understanding this logic is important, as it directly impacts our assessment of the economic fundamentals.