Good, bad, and ugly jobs report
The top-line numbers of the jobs report released Tuesday are mixed. The 64,000 jobs added in November beat the 40,000 expected, but they came on the heels of a net loss of 105,000 jobs in October, which were due to scheduled buyouts of 162,000 federal government workers that month. The unemployment rate also inched up to 4.6% last month, demonstrating that this is not a completely healthy economy.
TL;DR
- November jobs added (64,000) exceeded expectations, but October saw a net loss of 105,000 jobs, primarily due to federal buyouts.
- The unemployment rate rose to 4.6% in November.
- The federal workforce has shrunk by over 270,000 jobs since January, a reduction seen as positive by conservatives.
- The private sector has added nearly 700,000 jobs in the same period.
- Under Trump, the foreign-born workforce has decreased by over 1 million, while the native-born workforce has increased by over 2 million.
- Over 600,000 illegal immigrants have been deported, and 1.9 million have self-deported under Trump.
- The overall civilian workforce has grown by over 500,000, indicating more native-born workers are entering the labor force.
- Construction jobs increased, but manufacturing and transportation sectors lost jobs, attributed to Trump's tariffs.
- The economy needs stability, tariff relief, and an end to shutdowns and excessive federal spending.
- Sustained gains require policymakers to stop injecting uncertainty through shutdowns and unpredictable trade policy.