S8 Ep200: Elizabeth Peek analyzes the rise in US unemployment to 4.6%, attributing it partly to increased labor participation rather than economic weakness. She highlights that private sector hiring remains positive while government payrolls shrink, and notes that

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John Batchelor

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🗓️ 17 December 2025

⏱️ 13 minutes

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Summary

Elizabeth Peek analyzes the rise in US unemployment to 4.6%, attributing it partly to increased labor participation rather than economic weakness. She highlights that private sector hiring remains positive while government payrolls shrink, and notes that data center construction for AI is driving a boom in the construction industry.
1900 COLUMBUS IHIO

Transcript

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0:00.0	This is CBS Eye on the World.
0:08.5	Here's John Batchelor.
0:12.2	This is CBSI on the world.
0:14.5	I'm John Batchelor.
0:15.6	I welcome Elizabeth Peake,
0:17.1	writes a column for the Hill,
0:19.0	writes a column for Fox News,
0:20.2	much on Fox Business business to comment on
0:22.1	the news of employment and unemployment in the United States in these last days, given all
0:28.7	the caveats about the government shutdown, we have this headline from the Wall Street
0:33.3	Journal dominating the story.
0:36.0	U.S. unemployment rose in November, despite job gains.
0:40.4	Subhead, the 4.6 jobless rate is the highest in more than four years, dating
0:45.9	of the pandemic.
0:47.5	And the explanation, a long-delayed government report showed that 64,000 jobs were gained in
0:53.1	November, while 105,000 jobs were lost in October.
0:57.7	Liz, a very good evening to you.
0:59.0	All of this requires an adding and subtracting, but the flavor of the headline is joblessness
1:06.0	is rising and the Federal Reserve is yet to respond to the anticipation of unemployment.
1:14.9	The twin messages that the Federal Reserve has emphasized these last years are cost of money,
1:20.5	that's inflation and unemployment.
1:23.1	What we have now is evidence that the Trump administration these last months was correct in pushing
	...

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