US hiring slowed significantly last month, in what marked the weakest jobs growth reported under President Joe Biden.The administration was expecting job growth to be around 121,000 new jobs, but the preliminary numbers for October are a tenth of that. Kamala Harris is going to have a tough time explaining those numbers away and certainly can’t blame Trump for them. They certainly won’t be revised until January, two months after the election is in the history books. But I figure the Harris campaign will do its best to lay the blame on Trump somehow since it looks like its attempted smear of Trump regarding his comments about Liz Cheney has backfired big time.
Friday’s downbeat employment update, released just days before the US election, revealed just 12,000 non-farming jobs were added in October, down from 223,000 a month earlier.
This marked the slowest rate of growth since late 2020, according to the Bureau of Labor Statistics, as analysts blamed the impact of hurricanes and strike action at Boeing.
While hiring slowed, America’s unemployment rate remained unchanged at 4.1pc.
The closely watched report will be sure to draw scrutiny from both presidential candidates before next Thursday’s election, as Kamala Harris and Donald Trump battle to convince voters of their ability to improve the economy.
One has to wonder what the Harris campaign will try next considering the election is three days away. Considering the crap that was thrown at Trump in 2016 and 2020, nothing would really surprise me.