Trump did that 👇:
The latest jobs report shows U.S. hiring slowed in November and employers shed jobs in October, providing a clearer view of the labor market after months of data disruptions.
American employers added 64,000 jobs in November, after an estimated loss of 105,000 in October led by a decline in federal government workers, the Bureau of Labor Statistics said Dec. 16. The report also revealed the unemployment rate rose to 4.6%, up from 4.4% in September and 4% at the beginning of the year. It's the highest unemployment rate since September 2021.
"The good news is that we finally get federal data on the job market after the logjam caused by the government shutdown. The not-so-good news is that it isn’t pretty,” Bankrate Senior Economic Analyst Mark Hamrick said in a note...
Economist Heather Long adds,
“The US economy is in a hiring recession,” Heather Long, chief economist at the Navy Federal Credit Union, wrote in a post on X. “Almost no jobs have been added since April. Wage gains are slowing. 710,000 more people are unemployed now versus November 2024.”
Long blamed the hiring recession on “a combination of tariff impacts, AI, and cost cutting. Americans are feeling it.”
Trump's "Golden Age of America" is already here, but only for oligarchs and the top 1 percent.
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