Unemployment rate hits four-year high!MAGA!
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Archived from the IMDb Discussion Forums — Everything Else
sheetsadam1 — 3 months ago(December 16, 2025 04:15 PM)
https://www.axios.com/2025/12/16/economy-jobs-november
The U.S. economy added 64,000 jobs in November, while the unemployment rate rose to 4.6%, the Labor Department said on Tuesday in a report delayed by the government shutdown.
Hiring slowed last month alongside a jump in the jobless rate, a sign of persistent weakness in the U.S. job market.
The report comes after the government canceled the October jobs report, citing the government shutdown.
Tuesday's report indicated the economy lost 105,000 jobs in October, according to delayed data collected from businesses — a decline almost entirely due to employees who accepted the government's deferred resignation program coming off payrolls.
Revisions also showed slightly weaker jobs growth than reported in August and September, with employment in those two months a combined 33,000 lower than last estimated.
The latest jobs report shows the unemployment rate at 4.6%, up from 4.4% in September and the highest in more than four years.
Jobless rates continued to jump for most demographics, particularly for Black workers, with the rate rising to 8.3% from 7.5% in September.
There is no unemployment data or other key indicators about the labor force for October.
Labor Department officials has previously said that they would be unable to retroactively collect those figures — sourced from a survey of households — in an accurate manner due to the shutdown.
"The absence of October data increased the burden on collecting data in November," the Bureau of Labor Statistics said on their website.
A separate delayed report showed retail sales were flat in October, after barely budging (+0.1%) the prior month.
The Federal Reserve cut interest rates for the third consecutive time last week, a divided decision as officials moved to stave off further job market weakness.
Fed chair Jerome Powell told reporters that the labor market was likely weaker than official government indicators suggest, a result of a massive shift in population growth as the Trump administration cracks down on immigration.
Draft Barron Trump -
BOOMSHIT — 3 months ago(December 16, 2025 05:15 PM)
it's only going to get worse as people choose to work less next year so they can get healthcare subsidies
for so many, it will be financially beneficial to make less money in 2026. lmao
dropping the covid subsidy extension with no warning was such a retarded thing to do
jestergooning -
sheetsadam1 — 3 months ago(December 17, 2025 01:51 AM)
Trump has a 27% approval rating on the economy and still dropping like a rock. We're looking at another great depression within a few years. The only thing that remains to be seen is if it will be because the AI bubble bursts or because it doesn't and we end up massive job losses on top of record high utility increases.
Draft Barron Trump -
LorqVonRay1999 — 3 months ago(December 17, 2025 01:56 AM)
LOL
You guys said we would be in a depression right now with rocketed high inflation!
You have been wrong more times than Paul Krugman.
We are seeing positive GDP, lowering inflation, real wage growth. -
sheetsadam1 — 3 months ago(December 17, 2025 02:07 AM)
GDP is not a good economic metric. All it means currently is that the Big Tech oligarchs are consolidating more and more wealth. These are the best job numbers we're likely to see for the rest of Trump's term. Once the data centers are built, there will be very, very few humans actually working in them.
Any increases in wages are being wiped out by record high prices for food, energy and healthcare.
Draft Barron Trump -
sheetsadam1 — 3 months ago(December 17, 2025 02:16 AM)
https://www.nytimes.com/2025/12/16/us/politics/trump-administration-unemployment-rate-economy.html
The labor report also showed
wage growth in November had slowed to a pace not seen since 2021
, a period when the economy continued to grapple with the devastation wrought by the coronavirus pandemic. Further evincing the stress on Americans,
more people reported that they were working part time, despite wanting to work full time
, or that they wanted a job yet weren’t looking for one.
Kevin Hassett, the director of the National Economic Council, attributed the uptick in the nation’s unemployment rate partly to the fact that
more workers are now seeking jobs
, driving up the rate, which captures people looking for work.
Yes, people are needing to take second or third jobs to afford anything. I personally know seniors who have had to come out of retirement due to the increasing costs.
Draft Barron Trump -
LorqVonRay1999 — 3 months ago(December 17, 2025 02:54 AM)
LOL
No we aren't.
And where are all those savings from Obamacare we were promised?
The high cost of living right now is because we had four years of inflation under you Dems.
They won't go back down. All we can do now is temper price increases and corresponding wage growth.
You Dems screwed the pooch yet again.