Home / General / Trump take jobs

Trump take jobs

/
/
/
486 Views

Boy, sometimes I just don’t know about the American marginal voter:

The U.S. unemployment rate rose to 4.6% in November, its highest in more than four years, fueling questions about the economy’s underlying strength.

A long-delayed government report on Tuesday showed that 64,000 jobs were gained in November, while 105,000 jobs were lost in October. Job losses in June, August and October mean the U.S. economy has shed jobs in three out of the past six months.

The unemployment rate in November was up from 4.4% in September, the last month the Labor Department reported for that metric.

Taken together, the data point to one of the weakest American labor markets in years. While the economy has added jobs so far this year, mostly on the back of gains in healthcare and education, the shock of shifting trade policies and an immigration crackdown has restrained labor demand and supply, making for tepid hiring overall.

“All roads lead back to policy out of Washington, D.C.,” said Joseph Brusuelas, chief economist at RSM. “I’m not saying this is a harbinger of a recession, but we have some real challenges to the economy that we didn’t have one year ago.”

But at least things are becoming more affordable, right? Oh. But manufacturing is coming back because of the tariffs, right? I’ll come in again.

  • Facebook
  • Twitter
  • Linkedin
  • Bluesky
This div height required for enabling the sticky sidebar