Skip to main content
We may receive compensation from affiliate partners for some links on this site. Read our full Disclosure here.

Kamala’s Dismal Jobs Reports Drops Days Before Election


Just four days out from Election Day and the jobs report arrives.

And it landed like a lead balloon.

Only 12,000 jobs were created last month.

It’s clear that this report reflects poorly on Harris, since she’s still in the White House and these poor job numbers occurred on her watch.

With manufacturing employment plummeting by 46,000, Harris faces a tough sell on the economy at the eleventh hour.

And they can’t use those hurricanes and the Boeing strike to explain it away.

ADVERTISEMENT

It doesn’t look good!

The Guardian reports:

With only four days to go until Tuesday’s presidential election, the poor jobs figures could not have come at a worse time for Kamala Harris.

To be sure, there were special factors that explained why the world’s biggest economy added only 12,000 new jobs in October.

Last month two severe hurricanes – Helene and Milton – hit the US. The temporary lay-offs caused by the disruption led to an estimated 20,000 to 50,000 drop in payrolled employees. Manufacturing employment fell by 46,000 – with most of the drop the result of a strike at the aerospace giant Boeing.

But that will come as little comfort to the Harris camp in a knife-edge race for the White House.

Even allowing for the hurricanes and the Boeing strike, the employment data was weak. The consensus among analysts – who knew in advance about the special factors – was for jobs growth to ease from September’s 254,000 to 113,000 in October.

Bradley Saunders, from the consultancy Capital Economics, said: “All things considered, we suspect the upper limit for the disruptions hit was around 90,000, which means stripping them out, payrolls would only have increased by an underwhelming 102,000.”

Jobs growth for August and September was revised down by a combined 112,000 across the two months. That suggests demand for labour has eased at a crucial time.



 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Leave a comment
Thanks for sharing!