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MOST THINGS become banal after a near-decade of cultural dominance. But not Donald Trump. Republican voters are still enthralled by him, undaunted by all the turmoil and scandal of his time in the White House and his post-presidential life. His rallies retain their feeling of secular religious revival. His fresh-faced rivals, by contrast, have looked unoriginal and uninspiring. By the time Republicans had voted in just one state, Iowa, only one serious challenger remained. All the rest had dropped out; most had endorsed him. The last woman standing, Nikki Haley, a former governor of South Carolina who served as America’s ambassador to the United Nations while Mr Trump was in office, mounted her resistance in New Hampshire, the second state to cast ballots. Like all the rest, she was overrun.
Mr Trump got 54.3% of the vote to Ms Haley’s 43.3%, and quickly pointed out that no one had ever won both Iowa and New Hampshire and failed to secure the nomination. An unbowed Ms Haley vowed to fight on. “You’ve all heard the chatter among the political class, they’re falling all over themselves saying this race is over,” she said at a speech in Concord, New Hampshire, conceding victory to Mr Trump. “This race is far from over. There are dozens of states left to go. And the next one is my sweet state of South Carolina.” Mr Trump was not pleased. “Who the hell was the impostor that went up on the stage before and, like, claimed a victory?” he sniped at his victory speech.
The problem for Ms Haley is that, if she cannot win in New Hampshire, she cannot expect to win anywhere. Entrance polls conducted during the Iowa caucuses, held on January 15th, show Ms Haley overperforming among Republicans with college degrees, who labelled themselves as political moderates, who didn’t identify as evangelical Christians and especially well among those who believe that President Joe Biden legitimately won the election of 2020. Those kinds of voters are over-represented in New Hampshire.
It was not just a demographic dividend that Ms Haley had hoped to cash in. She won the endorsement of Chris Sununu, New Hampshire’s popular Republican governor, who barnstormed the state with her. She and her allies heavily outspent Mr Trump, splashing out $31m versus his $15.7m. She spent months traipsing around the state’s breweries and diners, while Mr Trump eschewed such drudgery. Anti-Trump Republicans had said the only way to beat the former president was to consolidate support into a single opponent—which has now happened. And even after all that she lost by 11 points.
Chart: The Economist
Subsequent states in the primary calendar are more hostile terrain for Ms Haley. Republicans in her home state of South Carolina, which holds its primary on February 24th, look much more like those in Iowa—where Ms Haley came 32 points behind Mr Trump—than New Hampshire. An average of recent polls there shows Ms Haley trailing by a crushing 37 points. Mr Trump has secured the endorsements of the top South Carolina Republicans with whom Ms Haley once worked as governor.
In trying to explain away this uncomfortable reality at an election-eve rally in Salem, New Hampshire, Ms Haley branded herself as somehow more of a populist insurgent than Mr Trump. One candidate “has got the entire political elite all around him. It’s all of Congress. It’s all these legislative people. He’s got the media all around him. But you know what? I’ve never wanted them.” Only the most credulous supporters in the crowd would believe Ms Haley’s line that her former colleagues were abandoning her because she had been so zealous in pursuing ethics reforms while governor. One especially bored reporter (not this one) began timing their Rubik’s-cube-solving abilities midway through the speech.
In a memo released on the day of the New Hampshire vote, Ms Haley’s campaign argued that she had a viable path to the nomination, urging a “deep breath” until “Super Tuesday” on March 5th, when many states hold their primaries. Her team’s argument is that many of the states that will vote in the next six weeks are “open primaries”, in which independent voters who are not registered Republicans can take part. This factor will indeed help Ms Haley. But in order to be the Republican presidential nominee, one unfortunately needs to be able to command a majority of the party.
The bigger battle ahead
The meek and muddied anti-Trump resistance looks close to its last gasp. Only late in her campaign did Ms Haley take to attacking Mr Trump by name. Her criticisms of the man are usually meticulously crafted to avoid moral judgment. “Rightly or wrongly, chaos follows him,” is a favourite line of hers, as if the chaos had been a curse of some vindictive god rather than intrinsic to the man himself.
Ms Haley’s demise would commit the Republican Party to Trumpism, with its blend of isolationism, illiberalism and protectionism, and away from the internationalism of which Ms Haley sometimes seems the sole influential ambassador on the Republican side. In America, voters get what they want. And it seems that nothing—not a dozen vanquished Republican candidates, not the one remaining woman, not the 91 criminal indictments facing Mr Trump—can get in their way.
Mr Trump can’t wait to swat away Ms Haley so that he can focus on the coming contest with Mr Biden. Mr Biden won 56% of the votes in the Democratic primary in New Hampshire on Tuesday, even though (because he disputed New Hampshire’s cherished right to hold the first primary) his name was not on the ballot. He, too, is cruising to the nomination. Brace yourself for a Biden-Trump rematch. ■
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THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.
THERE WAS a time, not long ago, when an important skill for journalists was translating the code in which powerful people spoke about each other. Carefully prepared speeches and other public remarks would be dissected for hints about the arguments happening in private. Among Donald Trump’s many achievements is upending this system. In his administration people seem to say exactly what they think at any given moment. Wild threats are made—to end habeas corpus; to take Greenland by force—without any follow-through. Journalists must now try to guess what is real and what is for show.
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday.
Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in April.
The unemployment rate held steady at 4.2%. A more encompassing measure that includes discouraged workers and the underemployed also was unchanged, holding at 7.8%.
Worker pay grew more than expected, with average hourly earnings up 0.4% during the month and 3.9% from a year ago, compared with respective forecasts for 0.3% and 3.7%.
“Stronger than expected jobs growth and stable unemployment underlines the resilience of the US labor market in the face of recent shocks,” said Lindsay Rosner, head of multi-sector fixed income investing at Goldman Sachs Asset Management.
Nearly half the job growth came from health care, which added 62,000, even higher than its average gain of 44,000 over the past year. Leisure and hospitality contributed 48,000 while social assistance added 16,000.
On the downside, government lost 22,000 jobs as efforts to cull the federal workforce by President Donald Trump and the Elon Musk-led Department of Government Efficiency began to show an impact.
Stock market futures jumped higher after the release as did Treasury yields.
Though the May numbers were better than expected, there were some underlying trouble spots.
The April count was revised lower by 30,000, while March’s total came down by 65,000 to 120,000.
There also were disparities between the establishment survey, which is used to generate the headline payrolls gain, and the household survey, which is used for the unemployment rate. The latter count, generally more volatile than the establishment survey, showed a decrease of 696,000 workers. Full-time workers declined by 623,000, while part-timers rose by 33,000.
“The May jobs report still has everyone waiting for the other shoe to drop,” said Daniel Zhao, lead economist at job rating site Glassdoor. “This report shows the job market standing tall, but as economic headwinds stack up cumulatively, it’s only a matter of time before the job market starts straining against those headwinds.”
The report comes against a teetering economic background, complicated by Trump’s tariffs and an ever-changing variable of how far he will go to try to level the global playing field for American goods.
Most indicators show that the economy is still a good distance from recession. But sentiment surveys indicate high degrees of anxiety from both consumers and business leaders as they brace for the ultimate impact of how much tariffs will slow business activity and increase inflation.
For their part, Federal Reserve officials are viewing the current landscape with caution.
The central bank holds its next policy meeting in less than two weeks, with markets largely expecting the Fed to stay on hold regarding interest rates. In recent speeches, policymakers have indicated greater concern with the potential for tariff-induced inflation.
“With the Fed laser-focused on managing the risks to the inflation side of its mandate, today’s stronger than expected jobs report will do little to alter its patient approach,” said Rosner, the Goldman Sachs strategist.
Friday also marks the final day before Fed officials head into their quiet period before the meeting, when they do not issue policy remarks.