Former President Trump plans to take a final swipe at Vice President Kamala Harris over Friday’s latest jobs report.
Remarks prepared for Trump’s upcoming rally in North Carolina on Saturday show him blaming Harris for tens of thousands of lost jobs. The Department of Labor’s own report attributes the losses to the consequences of hurricanes Helene and Milton.
“Yesterday it was announced that our country lost almost 30,000 private sector jobs last month alone, along with almost 50,000 manufacturing jobs in a single month. They are trying to blame the hurricane for the employment numbers, but it was not the Hurricane Helene, it was Hurricane Kamala,” Trump will say.
“Under his catastrophic economic agenda, more than 100,000 manufacturing jobs have been eliminated since the beginning of this year. 150,000 Americans joined the unemployment rolls last month, and nearly a quarter of a million people left the force work,” the report states. continue.
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U.S. job growth slowed in October, well below economists’ expectations, while the unemployment rate remained unchanged.
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The Labor Department reported Friday that employers added 12,000 jobs in October, well below the 113,000 increase that LSEG economists predicted and the lowest figure since December 2020.
The unemployment rate was 4.1%, in line with expectations.
Friday’s jobs report attributed many of the private sector jobs lost to the fallout from hurricanes Helene and Milton. (Steve Antle)
The number of jobs added in the previous two months was revised downwards: job creation in August was revised downwards by 81,000, from an increase of 159,000 to 78,000, while in September it was revised downwards by 31,000, from an increase from 254,000 to 223,000.
Private sector payrolls contracted by 28,000 in October after LSEG economists projected they would increase by 90,000.
The manufacturing sector saw employment decline by 46,000 jobs in October, which the Bureau of Labor Statistics (BLS) said was largely due to strike activity in the transportation equipment manufacturing sector. Some 33,000 unionized Boeing machinists have been on strike since early September.
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The construction sector added 8,000 jobs, below the average of 20,000 jobs per month over the past 12 months. Health care added 52,300 jobs in October, close to its average monthly gain of 58,000 over the past year.
The government added 40,000 jobs in October, largely in line with its average monthly gain of 43,000 over the past 12 months.
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The BLS noted that Hurricane Helene made landfall in the Southeast before the reference period for its employment surveys, while Hurricane Milton hit the same region during the reporting period.
Fox Business’ Eric Revell contributed to this report
