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.
KAMALA OWNS THIS DISASTROUS JOBS REPORT.
Read: https://t.co/IeBBt0fu0H pic.twitter.com/tphbrOwYRq
— MAGA War Room (@MAGAIncWarRoom) November 1, 2024
BREAKING: KAMALANOMICS!
Just 12,000 Jobs Created Last Month.
FAR Fewer Than The 100,000 Jobs Economists Projected.
Keep In Mind Every One Of These Initial Jobs Reports Has Been REVISED DOWN Over The Past 3 Years.
That Means The True Numbers Could Be MUCH WORSE! pic.twitter.com/OB3smeYfUe— John Basham (@JohnBasham) November 1, 2024
It doesn’t look good!
FOX BUSINESS ON KAMALA’S LATEST DISASTROUS JOBS REPORT: “Private sector jobs: NEGATIVE 28,000. NEGATIVE. We were looking for 90,000 added.” pic.twitter.com/e84B8yNBgk
— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) November 1, 2024
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.
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🚨CNN SOUNDS THE ALARM ON KAMALA’S FAILING ECONOMY: “It's a MASSIVE drop from what we saw in September. We LOST over 110,000 jobs over August and September.” pic.twitter.com/X9OO42DwH5
— Proud Elephant 🇺🇸🦅 (@ProudElephantUS) November 1, 2024
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