Jobs report: NBC

 


As election day is almost near, I would like to revisit the jobs report in 2020 and now. NBC released a jobs report November 1st referencing the mere 12,000 new jobs. That is a terrible report, but they're is a reason why. "The United States added just 12,000 jobs last month, a figure economists say was impacted by two hurricanes and a strike. Yet, even with those caveats, the report pointed to a cooling labor market." (Wile, 2024). A hurricane and labor strike are to blame for 12,000 new jobs. That is very interesting because Trump's numbers in 2020 were 661,000 new jobs and it was a disaster for him. "It’s a “steady flood of job loss,” said Bill Spriggs, an economist for the AFL-CIO labor union. “The next six months… look pretty bad because what happened in August with people using so much credit is they’re going to be reticent to spend money by Christmas. We won’t have enough jobs back by November" (Popken, 2024). In NBC's defense the pandemic was of course aiding the influx of new jobs, but it does not explain the lack of urgency for the Biden job market closing at 12,000 before election day. Trump lost jobs in his term, but this is because of a worldwide pandemic. The hurricane, and a devastating one at that, affected the east coast at best, so why a shortage in the job market? Comparing a pandemic to a labor strike is apples to oranges. The Trump administration also had devastating hurricanes in 2020. There were 30 named storms in 2020 and it set a record dating back to the 1870s. "The total estimated cost for reported damages as a result of 2020's hurricane season was about 40.3 Billion Fact: A few of the costliest 2020 hurricanes were Hurricane Laura and Hurricane Delta, which caused a combined $20 billion in damage." (FEMA, 2020). All this to say that the job market needs to increase in production, while still holding both men accountable for their own strains on the economy. 


https://www.nbcnews.com/business/economy/final-jobs-report-election-day-shows-just-661-000-positions-n1241779

https://www.nbcnews.com/business/economy/september-2024-jobs-report-what-it-means-hurricanes-boeing-strike-rcna178302

https://agents.floodsmart.gov/articles/lessons-learned-2020s-devastating-hurricane-season#:~:text=Fact%3A%20The%20total%20estimated%20cost,combined%20%2420%20billion%20in%20damage.

Comments

Post a Comment

Popular posts from this blog

Did the media hide Biden's mental decline?

Image
As we all all know now in September 2024, President Biden has dropped out of the race. However, was it a shock or was it expected? Some would say it was a shock because of what the media outlets, (Joe Scarborough) were saying about Biden.  "No, I just always told people that he's — the president is very sharp. If you say something or write something, there have been times he’s called and he’s refuted it very sharply. I’ve talked to foreign leaders that have had conversations with him that said that he was on top of every issue," ( Scarborough Says Biden ‘Is So Sharp’). If one would have listened to Joe Scarborough's analysis on President Biden, maybe it was a shock to see the president in such decline on the debate stage. However, it wasn't just Scarborough pushing Biden's excelling mental fitness, it was also Kamala Harris. Harris had this to say when Special Counsel Robert Hur's reporting broke about Biden's mental fitness " gratuitous, inaccur...
Read more

Supreme Court Chaos

Image
  With the election lose looming over the democrats heads, they have decided to pursue one more piece of progress before Biden leaves The White House. There have been grumblings of 70 year old Sonya Sotomayor leaving her position on the Supreme Court bench, so they can replace her with a younger democrat. Justice Sotomayor says she is not willing to step down, however, leaving panic within the democratic coalition. Technically it is not right to bully a Scotus judge off the bench for partisan politics, but it is being tried. They are comparing the potential seat swap to Trump's appointment of Amy Coney Barret, but she was replaced because of an actual vacancy. It can be argued that the process was rushed and possibly not right, but not comparable to the current scenario with no vacancy.  Forcing out Sotomayor, assuming she would agree to go, could be politically risky, and a successful confirmation before Trump's inauguration on Jan. 20, 2025, logistically impossible. Those re...
Read more

Debate week: How has the coverage been for each candidate?

Image
 It is the first debate between Harris and Trump for the 2024 election. Harris has been the candidate for about a month and some change, while Trump has been the expected nominee since before the primary. ABC will be hosting this debate and some interesting research has been conducted on how they treat Harris V Trump. " A new study by the Media Research Center finds that, of the Big Three evening newscasts, ABC’s  World News Tonight  — run by debate moderator David Muir — has been the most positive towards Harris and the most hostile to Trump" (Noyes).   This research comes out 2 days before the debate. David Muir, who hosts the nightly news on ABC will host this debate. His coverage included 25 clearly positive statements for Harris and her campaign, while Trump received 5 clearly positive comments and 66 negative. That is a 100% positivity rate for Harris and a 7% positivity rate for Trump. This does not include no negativity, however, just not from the media mouth...
Read more