THE TRUMPIAN JOBS REPORT

THE TRUMP EMPOWERED JOB REPORT

By: Derek Varsalona

Friday, marked a new jobs report number for the United States.  The Department of Labor predicted a gain of 215,000 jobs for November.  I take this with a grain of salt.  This is great for the economy but that does not mean that President Biden is a great President.  This is the Trump boom jobs report.   The only way our economy will improve on this project is if the inflation rate goes down.  The only way for inflation to go down is for the government to get out of the people's lives and have a laissez-faire economy which means government hands off of innovation.  With more government intrusion into the market, we are going to experience more inflation.  Bidenflation was caused by President Biden, massive spending, and the government being involved in our daily lives.  Remember that inflation is a tax on the poor.

There was a net gain of 215,000 jobs in November.   Yes, we should cheer, but not for President Biden.  President Biden had nothing to do with this.  I suspect it was the election of President Trump that caused this jobs report to go up.  People see better days ahead.

But I am very suspicious of these numbers.  I think these are temporary holiday jobs that need to be filled and these people will be laid off in January.  Yes, 33,000 Boeing Employees returned to work.  I think this is also temporary work for the holiday travel season.  I would not be surprised if the layoffs at Boeing start in January or even a strike at Boeing.

In order to keep this momentum going, the Federal Reserve is going to cut interest rates. But the real thing that needs to be cut is the Federal Reserve altogether. The Federal Reserve does not help the economy. It actually hinders it by cutting or raising interest rates, creating an artificial market by controlling the market.  

I advocate for laissez-faire economics where the free market decides the prices of the market.  The best way to bring down inflation is three steps: Stop government wasteful spending, cut interest rates and stop the government from controlling/price fixing the market.  As always comments accepted.

THE TRUMP JOBS REPORT

Source: The New York Times. " November Jobs Report: What To Look For. Washington, DC: December 6, 2024. https://www.nytimes.com/live/2024/12/06/business/jobs-report-november-economy