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The Erick Erickson Show

S10 EP204: Hour 1 - The Jobs Numbers

The Erick Erickson Show

Erick Erickson

News, News Commentary

4.5874 Ratings

🗓️ 4 December 2021

⏱️ 38 minutes

🧾️ Download transcript

Summary

The jobs numbers are really bad news for the White House. Psaki struggles to explain.

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Transcript

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0:00.0

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0:08.0

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0:11.1

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0:13.5

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0:17.2

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0:30.6

Oof, welcome. It is Eric Erickson here.

0:33.5

The Eric Erickson Show, the phone number 877-97-973-725.

0:41.1

It is not a good number here in the employment report.

0:47.2

J.P. Morgan says the November employment report was particularly noisy, but through the noise,

0:53.7

the signals appear to be that labor demand

0:56.3

remains strong and that slack in the labor market is rapidly diminishing.

1:01.0

They see it as somewhat of an upsides.

1:02.9

If you're just tuning in and you haven't heard, the U.S. economy created far fewer jobs

1:09.1

than expected in November, assigned the hiring starting,

1:12.6

started to slow even ahead of the Amacron threat, according to the Labor Department.

1:18.9

Non-farm payrolls increased by just 210,000 for the month.

1:23.9

The unemployment rate fell sharply to 4.2 from 4.6 percent, even though the

1:30.2

labor force participation rate increased for the month to 61.8 percent, its highest level since

1:36.0

March 2021. Now, what does all of this mean? It means that there are good signs in the economy

1:43.5

because more people are going back to work and

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