The Jobs Report, $100,000 Bitcoin, and the Economy Trump Will Inherit
WSJ Opinion: Potomac Watch
The Wall Street Journal
4.2 • 2.8K Ratings
🗓️ 6 December 2024
⏱️ 25 minutes
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| 0:37.1 | From the opinion pages of the Wall Street Journal, this is Potomac Watch. |
| 0:43.4 | U.S. employers at a quarter of a million new jobs on net, Bitcoin hits $100,000, and inflation |
| 0:50.5 | is still stubbornly stuck above 2%. Let's check in on the state of the economy with a |
| 0:56.1 | little over a month to go until President Trump takes over from Biden next year on January 20th. |
| 1:02.5 | Welcome, I'm Kyle Peterson with the Wall Street Journal. We're joined today by my colleagues, |
| 1:08.2 | columnist Alicia Finley, and editorial board member, Manay Uquay-Bruwa. |
| 1:12.6 | On Friday, the Labor Department released its latest monthly jobs report, this one covering November, and showing steady growth in net employment. |
| 1:22.6 | The overall number is non-farm payroll, up by 227,000 on net in November, |
| 1:31.0 | 54,000 jobs in health care, 53,000 in leisure and hospitality, 33,000 in government. |
| 1:39.6 | That tends to be a pretty steady number, at least in recent months. |
| 1:43.6 | Alicia, would you add this to the |
| 1:45.7 | evidence that we have seen lately, including Bitcoin hitting $100,000, the Dow Jones Industrial |
| 1:52.0 | average being near $45,000? The evidence that the economy and financial conditions are not as |
| 1:57.6 | tight as some seem to think, particularly as the Fed considers potentially |
| 2:03.0 | cutting interest rates. Well, I think this jobs report, there's a little bit of a noise because |
| 2:08.4 | it's mostly bounced back from the last jobs report, if you call there were some storms in |
... |
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