Tag Archives: November Jobs Report

About The November Jobs Report

Posted on by

On Tuesday, CNBC reported that delayed jobs numbers show payrolls rose by 64,000 in November after falling by 105,000 in October. That’s good news, but there is even better news in the details of the report.

A Press Release from U.S. Secretary of Labor Lori Chavez-DeRemer states:

“November’s jobs report shows our economy continues to gain momentum despite the economic mess President Trump inherited from the Biden administration and the reckless Democrat shutdown. With 64,000 jobs added in November, more and more Americans are coming off the sidelines and working in the private sector. Investment has been booming thanks to the President’s America First policies, leading to strong nonresidential construction growth.

“Importantly, the growth we are seeing is concentrated in the private sector and among native-born Americans. Federal employment has retreated to the lowest level in over a decade, completely reversing the previous administration’s federal hiring frenzy.

“The Trump Administration remains laser-focused on making life more affordable for all Americans. Average private sector weekly earnings are on track to rise 4.2 percent during the President’s first year in office, providing working families with more purchasing power as wages outpace inflation. We will continue to double down on our efforts to put American Workers First by building a Golden Age of economic prosperity.”

We have no workforce participation rate figures from October because of the government shutdown. In September the rate was 62.4; in November it was 62.5. That is a number that changes very slowly, but it is moving in the right direction. It was 62.4 in February, President Trump’s first full month in office.

One thing to notice in this press release and in the President’s speech on Wednesday night is the statement about the economic mess created by the Biden administration. Many Americans suffered under Biden economics. Because of the economic policies of President Trump, many Americans are now climbing out of the hole they were in because of the economic policies of the Biden administration. We need to send businessmen to Washington–not politicians.

The November Jobs Report

Posted on by

On Friday The Conservative Treehouse posted an article about the November Jobs Report. The expectation was that approximately 535,000 jobs would be created. The actual number created was 210,000.

The article reports:

The situation itself is not that difficult to understand when you look at Main Street.  However, so many of the professional punditry class are confused because they only focus on the Wall Street economy, their only prism of reference for the last several decades.

Americans are preparing, cutting back and hunkering down from the Hurricane that is Joe Biden’s inflation.

Inside the jobs numbers, you will note the areas where consumer spending contraction first hits: retail, luxury, leisure and hospitality, is the area where November employment was flat or jobs were lost.   DUH!

The ‘retail sector‘ lost 20,000 jobs in November.  Think about that.  What usually happens in November?  People are hired to handle holiday seasonal shopping…. but they weren’t… why not?  The professional economic punditry cannot figure it out, so they avoid those questions entirely.  Those questions hold the key to unlocking the understanding.  Does the “pretending not to know things” ring familiar?

The damn jobs report is simply reflecting how Main Street USA workers, consumers, spenders and survivors live when gasoline, energy and food costs necessarily skyrocket.  The November employment results are a reflection of the blue collar prepper mindset.  This is not hard to figure out.   As long as inflation rages on, items that cannot be avoided, at a level that is two to five times the rate of wage growth, decisions are made that are based on checkbook economics.

Please follow the link above to read the entire article. It includes a graphic of the hurricane of inflation about to hit the middle class. It also includes a quote from MSM blaming the Delta version of Covid for the problem. Somehow the media would rather blame a disease than face the fact that the inflation the Biden administration is creating with runaway spending might be the problem.