|
Getting your Trinity Audio player ready...
|
The final jobs report released prior to the 2024 election landed with a disappointing thud late last week – a rare acknowledgment of the weakness of America’s employment economy under the administration of Joe Biden and Kamala Harris.
Of course you wouldn’t know it based on the dearth of mainstream media coverage…
Whereas previous jobs propaganda pumped sunshine for the masses – only to dramatically downgrade the numbers at a later date – the latest data from the Bureau of Labor Statistics (BLS) didn’t pull any punches.
According to the report (.pdf), the American economy created only 12,000 jobs during the month of October – its worst showing in nearly four years – while job gains from the previous two months were revised downward by a combined 112,000.
Excluding taxpayer-funded positions – which increased by 40,000 last month – job growth was actually down by 28,000 positions, the first negative print since 2020.
Bean counters in Washington, D.C. blamed the decline on the impact of Hurricanes Helene and Milton, although they were unable to quantify those loses.
***
“It is likely that payroll employment estimates in some industries were affected by the hurricanes; however, it is not possible to quantify the net effect on the over-the-month change in national employment, hours, or earnings estimates,” the agency noted.
What cannot be blamed on the storms? The ongoing decline of American manufacturing – which shed jobs for the third month in a row.
As our media outlet has frequently pointed out, there’s also a great “jobs replacement” taking place under Biden and Harris – one in which foreign workers (including illegal aliens) have been responsible for virtually all of the job growth in our country.
Per a recent analysis from labor market expert Steve Englander, “half of non-farm payroll growth” for the first six months of the 2024 federal fiscal year (which began last October) came from “undocumented immigrants.”
“Undocumented workers have added 109,000 jobs per month to (non-farm payrolls),” Englander estimated.
Meanwhile, net job growth among native-born workers has been… wait for it… zero.
With numbers like these, is it any wonder Harris and her MSM sycophants don’t want to talk about the economy?
***
THE RELEASE…
(Source)
***
ABOUT THE AUTHOR …
Will Folks is the founding editor of the news outlet you are currently reading. Prior to founding FITSNews, he served as press secretary to the governor of South Carolina. He lives in the Midlands region of the state with his wife and seven children.
***
WANNA SOUND OFF?
Got something you’d like to say in response to one of our articles? Or an issue you’d like to address proactively? We have an open microphone policy! Submit your letter to the editor (or guest column) via email HERE. Got a tip for a story? CLICK HERE. Got a technical question or a glitch to report? CLICK HERE.
13 comments
In what universe is the Vice President responsible for the economy?
Shill on…
None. But when she walked lock-step with Biden on it for almost 4 years and can’t explain now how she would do it any differently in the next 4 yrs (except from some absurd grocery story price- gouging theory), it’s fair to staple it to her forehead and glue on her back for all the world to see.
The Shill is gone…so is the thrill.
lol
Trump left the economy in tatters (like all modern out going Republican Administrations). Biden/Harris have accomplished record low unemployment, higher wages, lower inflation, energy independent and highest stock market in history.
Even that illegal alien, Elon Musk, says Trump will tank the economy if he wins.
The grift is gone from the White House. Why bring it back?
Why don’t you compare job growth during the Biden Administration to job losses during the Trump Administration? Republicans keep asking do you really want four more years of this? To which I say, you will have to be more specific.
1. Four more years of job growth and record-low unemployment? Yes
2. Four more years of a record-high stock market? Yes.
3. Four more years of kicking Russia’s ass and crashing their economy? Hell yes!
4. Four more years of increasing values for my house? Yes.
5. Another 40+% increase in the value of my retirement funds? Yes.
6. Four more years of excellent relationships with our European allies? Yes. I like visiting Europe.
7. Four more years of record growth in US Manufacturing and construction of manufacturing plants? Yes.
8. Four more years of outperforming the Chinese economy? Yes
9. Four more years of being the largest most successful economy in the world? Yes.
10. Four more years of wages higher than inflation? Yes.
11. Four more years of excellent GDP growth? Yes.
12. Four more years of middle-class Americans making wealth gains on the top 1%? Yes.
13. Four more years of not worrying about what nightmare Trump will unleash on the country? You bet.
14. Four more years of not worrying about Trump selling us out to the Russians or the Saudis? Yep.
15. Oh, and four more years of record growth in energy production? Yes.
We all know job reports fluctuate. We all know this report was affected by the hurricanes. If you are not in the Trump cult, you know Biden’s economy has been better than Trump’s economy. Almost every nation on earth is envious of our economy because they know America is richer and with our allies stronger than ever.
lol
The economy is doing better than its has in years. Once again, a Democrat POTUS cleans up the distrusts mess a Republican left them (see Clinton and Obama too).
Trump is a fucking mushed brain pervert, who likes to show off his dick sucking techniques on a mic stand during his rallies. Trump could barely cling into a giant garbage truck with his name all over it (how on brand).
President Kamala will do just fine. Now, we just need to vote out these weirdos.
Will is knee deep in the bullshit.
Let’s see if I have this straight. According to Will most of the preceding months the “deep state” has juiced the numbers to seem better than they were. Then the week before the election they “didn’t pull any punches”. Fitslogic, people.
“there’s also a great “jobs replacement” taking place”
Go ahead Will, just come out and proclaim “Jews will not replace us.” We know that’s what you mean.
He has embraced the grift. Hopefully he just looks foolish later this week.
I mean, he will either way, but, you know…
The frequency and magnitude of the Bureau of Labor Statistics having to go back and revise DOWNWARDS their job creation numbers during the Biden Administration has to be an all-time record. Regardless of who is in office, these agencies that measure and report on the economy cannot be leaned on by an administration to gaslight the American people.
Wages have not outpaced inflation. Being poorer because of it is the #1 concern of Americans, and they are going to vote accordingly. Stock market numbers doing great doesn’t do alot for the average American under 60, because you have to pay a 20% tax penalty to pull money out of your IRA/401(k) to pay down your credit card bills that have gone up to cover the gap in wages covering inflated costs. But I don’t have a great deal of optimism that Trump is going to curb the #1 cause of inflation, which is excessive gov’t spending. He had the most debt added to the government in 4 years in all of American history, until Biden got in and said “hold my beer.” [Obama added more debt than all of his predecessor combined, and in total more than Trump and Biden, but he did it in 8 years instead of 4.]
Wow. Things sound bad in your Red State.
Keep supporting Republicans and you can enjoy all the doom and gloom you like.
Good thing the Trump campaign is closing with messaging on… checks notes… anti-trans stuff, violent and racist rhetoric, miming a sex act, and a stupid squirrel story that only the most eternally online right wingers know about. I’m sure it’ll turn out great for him!
Did you see Donald Trump’s “job” report?
It blows.
Democrats are Americas worst threat. We must vote them out of office. Praise be to God for giving us this wonderful nation. It’s our responsibility to lead this nation in a Godly manner or it will fall like many before us.
Absolutely true. They have been corrupt since their inception.