Subject: Re: U.S. Job Growth Slowed/Unemployment Ticked Up
LurkerMom: Workers who go on strike don't qualify for unemployment benefits.
Ah, I see you're confused. Striking workers have a ripple effect on other worker's jobs. That's how the economy works. And other industries beyond manufacturing felt that ripple effect. Plus, how striking workers are counted in the unemployment rate is more complicated than whether or not they're collecting unemployment benefits; for example, the number of days they're on strike.
The US economy added a modest 150,000 jobs in October following an especially strong September report -- but the ongoing auto workers and actors strikes both registered a hit to the jobs report last month as strike activity continues to weigh on growth.
According to data released by the Bureau of Labor Statistics Friday morning, employment in manufacturing decreased by 35,000 in October, reflecting a decline of 33,000 jobs in motor vehicles and parts "that was largely due to strike activity." This was the first time the auto strike's impact showed up in the monthly jobs report.
Regardless, Biden has added nearly 14 million jobs since taking office. Trump lost over two million jobs during his presidency.
Is that a difference of 16 million jobs or not?
https://www.reuters.com/market....
https://www.cnn.com/2023/10/08....
https://www.cbsnews.com/detroi...