Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Trump poised to hit Harris over disastrous jobs report: ‘Hurricane Kamala’

by November 2, 2024
November 2, 2024

Former President Trump plans to take a final swipe at Vice President Kamala Harris over the latest jobs report on Friday.

Prepared remarks for Trump’s upcoming rally in North Carolina later Saturday show him blaming Harris for tens of thousands of lost jobs. The report itself from the Department of Labor blames the losses on the fallout from hurricanes Helene and Milton.

‘Yesterday, it was announced that our country lost nearly 30,000 private sector jobs last month alone, along with nearly 50,000 manufacturing jobs in a single month. They’re trying to blame the Hurricane for the jobs numbers—but it wasn’t Hurricane Helene, it was Hurricane Kamala,’ Trump is set to say.

‘Under her catastrophic economic agenda, more than 100,000 manufacturing jobs have been wiped out since the start of this year. 150,000 Americans joined the unemployment rolls last month, and nearly a quarter of a million people dropped out of the labor force,’ the remarks continue.

U.S. job growth slowed down in October, coming in well short of economists’ expectations, while the unemployment rate was unchanged.

The Labor Department on Friday reported that employers added 12,000 jobs in October, well below the 113,000 gain that was predicted by LSEG economists and the lowest tally since December 2020.

The unemployment rate was 4.1%, in line with expectations.

The number of jobs added in the prior two months were both revised downward, with job creation in August revised down by 81,000 from a gain of 159,000 to 78,000, while September was revised down by 31,000 from a gain of 254,000 to 223,000.

Private sector payrolls contracted by 28,000 in October after LSEG economists projected they would rise by 90,000.

The manufacturing sector saw employment decline by 46,000 jobs in October, which the Bureau of Labor Statistics (BLS) noted was largely due to strike activity in the transportation equipment manufacturing sector. About 33,000 unionized machinists at Boeing have been on strike since early September.

The construction sector added 8,000 jobs — below the average of 20,000 jobs per month in the past 12 months. Health care added 52,300 jobs in October, near its average monthly gain of 58,000 in the last year.

The government added 40,000 jobs in October, mostly in line with its average monthly gain of 43,000 over the past 12 months.

The BLS noted that Hurricane Helene made landfall in the southeast before the reference period for its employment surveys, while Hurricane Milton hit the same region during the report period.

Fox Business’ Eric Revell contributed to this report

This post appeared first on FOX NEWS
0
FacebookTwitterGoogle +Pinterest
previous post
Dem insiders head into final election stretch confident on Harris win: ‘Nauseously optimistic’
next post
ALEX BERENSON: Why I’m voting for Donald J. Trump

You may also like

Biden’s competence questioned as classified documents scandal continues:...

January 15, 2023

Dems shielded Biden from primary battle but face...

July 6, 2024

Texas CHRISTIAN FAMILY OF FIVE Set to Be...

October 9, 2022

GOP talk on millionaire tax hike ‘makes no...

May 8, 2025

‘Violates the Constitution’ – Group Sues Joe Biden...

September 27, 2022

BREAKING EXCLUSIVE: Election Poll Pads Caught Adding *Hundreds*...

November 13, 2022

‘Shameful’: AOC blasts Biden admin for blocking UN...

December 12, 2023

Dem mayor’s spox defends meeting with controversial Chinese...

April 30, 2024

Jordan urges warrants to search Americans’ data and...

April 11, 2024

J6 Street Party Footage Shows Intensely Peaceful Crowd-...

October 21, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved