Bannon`s War Room
Episode 4019: Dismal Job Report Shows Harris Economy Is Crumbling
Nov 1, 2024
Scott Bessent, a senior financial advisor to Trump, dives into crumbling job statistics and their implications for the economy. Jack Posobiec reports on the political landscape in Pennsylvania, while Raheem Kassam analyzes early voting trends. Monica Crowley reveals concerns about manipulated economic data and government-controlled digital currencies. Together, they discuss grassroots mobilization strategies, the importance of community ties, and the role of female voters in upcoming elections, all while placing emphasis on returning to successful economic policies.
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Quick takeaways
- The latest jobs report shows alarming growth shortfalls, with only 12,000 new jobs added in a fragile economy.
- Critics worry that Trump's proposed policies, deemed more radical than before, could destabilize existing trade relationships and job creation.
Deep dives
Job Market Disappointment
The recent jobs report reveals only 12,000 non-farm payroll additions, marking the lowest numbers since December 2020. Economists had anticipated around 100,000 job gains, indicating a significant shortfall. Manufacturing sectors were particularly hard hit, losing approximately 46,000 jobs, showcasing a troubling trend in the job market. The revisions to previous months also indicate a net loss of around 100,000 jobs, underlining the fragile state of the economy.
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