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January 1, Jobs Report Shock: Economic Turmoil Ahead of Election
Well folks, here we are, just four days away from Election Day, and the new jobs report is in. And let me tell you, it’s not looking good. Only 12,000 jobs were added last month.
Now, you’d think Vice President Kamala Harris would have this under control, but on her watch, things look pretty bad. Manufacturing jobs dropped by a huge 46,000. That’s a big problem, especially when they can’t just blame the hurricanes or the Boeing strike.
Here’s what FOX BUSINESS had to say: “Private sector jobs are down by 28,000. NEGATIVE 28,000, folks. We expected 90,000 new jobs!” That’s a hard sell for Harris.
All this comes as she’s trying to make her case to the American people before the big vote. Sure, there were a couple of hurricanes, and yes, Boeing had a strike, but these aren’t enough to explain the weak job numbers. Analysts were hoping for jobs growth to hit 113,000, even with the storms and strike, but we got nothing near that.
Bradley Saunders from Capital Economics says even if we take out the disruptions, we’re only left with about 102,000 jobs added, which isn’t great. On top of that, job growth from August and September was revised down, showing we lost over 110,000 jobs over those months.
Folks, it’s troubling to see these kinds of numbers right before the election. Demand for jobs is slowing, and that’s not a good sign for our economy. Harris has her work cut out for her as she tries to convince the American people that she can turn this around.
Wyatt Matters!
Let’s take a closer look at the current state of jobs. The recent report shows that we only added 12,000 jobs last month, and that’s not what anyone hoped for. Manufacturing took a big hit, losing 46,000 jobs, which is hard to ignore. These numbers might make some people worried about how things will go in the future.
It’s clear that some challenges, like the hurricanes and the Boeing strike, played a part. But even when we look past those, job growth isn’t meeting expectations. Experts, like Bradley Saunders, suggest that even without these disruptions, the job increase would still be lower than predicted. Plus, past months’ job numbers have been adjusted downward, meaning we actually lost more jobs than we thought.
Now, especially with an election so close, this situation puts extra pressure on leaders to show they can make things better. It’s important for everyone to understand what’s happening with jobs and what plans are in place to improve them. People are looking for hope that good jobs will be available and that our economy will get stronger again.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
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