Topic: Jobs Report

National Economic Council Director Kevin Hassett praised the September jobs report, highlighting a surge in construction employment linked to eleven major companies breaking ground on new factories. Hassett attributed this growth to President Trump's policies on onshoring production. However, skeptics noted that the total job numbers remain below the 150,000 monthly threshold required to keep pace with population turnover and retirement.

CNBC's Steve Liesman defended the Bureau of Labor Statistics (BLS) against charges of politicization, arguing that job revisions are a routine part of data collection. Conversely, economist Kevin Hassett pointed out that the recent revisions are the largest since 1968, rendering the data unreliable for policy decisions. The segment concludes that government data across all sectors, including climate and employment, has become increasingly untrustworthy.

President Joe Biden made his first-ever appearance in the White House briefing room to tout a positive jobs report showing 254,000 positions added in September. Biden claimed the U.S. has the strongest economy in the world, citing a 4.1% unemployment rate. The discussion disputes these figures, noting that inflation remains cumulative and that many new jobs are being filled by non-citizens rather than native-born Americans.

The hosts discuss the Bureau of Labor Statistics revising job growth downward by 818,000 jobs. They play a clip of Secretary of Commerce Gina Raimondo claiming she is "not familiar" with the BLS data and accusing Donald Trump of lying about the numbers. Curry and Dvorak criticize the administration for hiding the true state of the economy behind a "sugar high" of convention rhetoric.

The March jobs report showed strong hiring gains, which economists attribute to a surge in immigration boosting the "neutral payrolls growth" rate. Federal Reserve Chairman Jerome Powell previously identified a lower cruising speed for jobs, but "newcomers" are now seen as a primary driver of labor market expansion. Meanwhile, reports surfaced of Wisconsin using $700,000 in COVID relief funds to provide utility and gas assistance to illegal immigrants.

January's inflation report showed a 3.1% rise, higher than expected, driven by surging costs in car insurance and rent. While the government reports strong job growth, critics point out that many new positions are part-time or filled by non-citizens. In the medical field, a class-action lawsuit against Ozempic is gaining traction, while new studies suggest gastric bypass surgery remains a more effective long-term solution for diabetes.

President Joe Biden reported that the U.S. economy created over 300,000 new jobs last month, following a half-million gain the previous month. During his remarks, Biden appeared to misspeak regarding the total number of jobs created during his administration, citing 12,000 instead of the millions typically reported by the White House. He emphasized that nearly 8,000 of these were manufacturing jobs, claiming his administration has outpaced previous ones in job creation.

Jen Psaki attempts to "prepare" the public for poor jobs numbers, blaming the Omicron spike for 9 million people calling out sick during the data collection period. The hosts mock this explanation, questioning how sick leave translates directly to job losses in the official data. They view it as a desperate attempt to manage negative economic narratives.

CBS News business analyst Jill Schlesinger reports that the U.S. economy added 300,000 fewer jobs than expected in September. Despite 1.5 jobs being available for every unemployed American, many remain reluctant to re-enter the workforce. Schlesinger attributes this reluctance to ongoing fears of COVID-19 and challenges regarding childcare and eldercare.

President Donald Trump released a video on Twitter celebrating a record-setting jobs report for August, highlighting historically low unemployment rates for African Americans, Hispanics, and Asians. The segment notes that both Trump and Boris Johnson are bypassing traditional media gatekeepers by delivering edited soundbites and economic updates directly to the public via social media platforms.

President Trump's tweet expressing anticipation for the monthly jobs report an hour before its official release sparked a media firestorm regarding market integrity. While critics and journalists like Stephanie Ruhle suggested the tweet violated protocol or law, the hosts point to a 2009 instance where President Obama discussed dismal jobs numbers prior to their release.

The September 2017 jobs report showed the U.S. economy losing 33,000 jobs, which the government attributed to hurricane impacts. The hosts discuss the significance of the number 33 in news reporting and point out contradictions between the labor participation rate and the falling unemployment percentage.

White House Press Secretary Sean Spicer's handling of the February jobs report is examined. The hosts discuss the irony of Donald Trump accepting job numbers he previously called "phony" during the campaign. They suggest Spicer needs comedy writers to improve his "shtick," comparing him unfavorably to the polished delivery of Ronald Reagan.

The official U.S. unemployment rate dropped to 4.7%, but critics point out this was accompanied by a net loss of jobs and a decrease in labor participation. Rick Santelli of CNBC and the website ShadowStats.com argue that the real unemployment rate, when calculated using 1930s-era metrics, remains flat at approximately 22.5%. The Federal Reserve's reliance on these "public relations" numbers for fiscal policy is questioned.

The rejection of the Keystone XL pipeline was timed to coincide with a positive monthly jobs report showing 268,000 new positions. Critics argue the State Department's involvement in a domestic infrastructure issue is unusual. Additionally, the hosts mock Canadian Prime Minister Justin Trudeau for his pronunciation of "Canada" and "Canadia."

The December jobs report showed only 74,000 jobs created, far below economist expectations, yet the unemployment rate fell to 6.7%. This drop is attributed to over 500,000 people leaving the workforce entirely rather than finding employment. According to Shadow Stats, which uses older government calculation methods, the true unemployment rate remains near 23.5%, contradicting the official narrative of a robust recovery.

The hosts analyze the August jobs report, which showed an unemployment rate of 7.3%. They contrast the official government figures with "Shadow Stats" data, which places true unemployment closer to 24%. The discussion focuses on the rise of low-wage, part-time work and compares the U.S. labor market to the German "social contract" model of reduced working hours.

The White House and the Bureau of Labor Statistics are criticized for reporting a drop in the unemployment rate to 8.1% despite adding only 96,000 jobs. The analysis highlights that 150,000 jobs are required monthly just to keep pace with population growth, and notes a recurring pattern of downward revisions to previous months' data.

A listener provides a deconstruction of a Reuters headline to demonstrate how word choices like "pounced" and "to cast doubt" create a slanted narrative. The hosts also discuss the discrepancy between the White House's claim of job growth and Wall Street's negative reaction to the weaker-than-expected jobs report. They argue that the numbers are inflated by temporary census hiring.