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The A.M. Update

Polls Suck, and So Do NYC Courts | Tony Dungy Is the GOAT | 11/4/24

The A.M. Update

Aaron McIntire

Daily News, News, Politics

4.9833 Ratings

🗓️ 4 November 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

It's Monday, November 4th, 2024, a bombshell in the much-Ballyhooed Daniel Penny case in New York City.

0:06.6

We go all over the campaign trail with Democrats and Republicans, and Tony Dungy, with an impassioned plea to vote no on Amendment 4 in Florida.

0:16.3

Next on the AM update.

0:28.8

We will begin with numbers released late last week.

0:33.8

That jobs report, U.S. job growth slowed in October, coming in well short of the economists' expectation while the unemployment rate was unchanged.

0:37.4

The Labor Department on Friday reported that employers only added 12,000 jobs in October

0:42.1

well below the 113,000 gain that was predicted by most economists in the lowest tally since

0:46.9

December of 2020. The unemployment rate was 4.1%. I was kind of in line with expectations.

0:51.9

The number of jobs added in the prior two months were both revised

0:55.8

downward with job creation in August, revised down by 81,000 from a gain of 159,000 to 78,000,

1:02.8

while September was revised down by 31,000 from a gain of 254,000 to 223,000. That's just every

1:09.7

single month these jobs reports come through. They're always

1:13.3

revising previous months reported, reported trends downward. That 12,000 job creation number,

1:21.0

that's only due to public sector hiring. If it weren't for the government, these jobs are all

1:26.1

lost leaders. If it weren't for government hiring jobs, the U.S. job report would not be in the black.

1:31.9

The Biden-Harris acting secretary of labor, Julie Sue, joined CNN to react.

1:37.0

12,000 jobs.

1:38.0

That's a pretty big slowdown.

1:39.2

Well, as you noted, there were a couple of anomalies in the prior months.

1:43.7

But the overall picture of the economy

1:45.8

remained strong. No, it's not. That's some North Korean pink lady BS right there. Donald Trump

1:51.9

during a rally in Lancaster, Pennsylvania yesterday, seized on those new numbers.

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