The Biden-Harris administration job report The Federal Reserve made the request on the eve of the election, breaking with longstanding tradition. lower interest rates Increase by 50 basis points to stimulate the economy.
More than 250,000 jobs were created in September, and the unemployment rate fell to 4.1%. (Related: Larry Elder: Price controls are bad no matter who demands them)
But can Americans trust the numbers? Onlookers should take the Harris administration’s pre-election report with a grain of salt, as the government frequently adjusts employment numbers downward.
Still, the employment statistics are not all rosy. More than 40% of new jobs will be created was in government or quasi-government health and social services departments; Manufacturing employment declined.
More than 500,000 Americans are unemployed compared to this time last year. And as Americans struggle with a cost-of-living crisis, the number of multiple employers has reached a new high.
To better reflect the labor market and economy, talk to ordinary small business owners. reducing worknot create. Small businesses face severe cash flow shortages as consumers are exploited with credit card debt at a record height.
“Main Street is in trouble.” say Adam Morris, owner of Your Brother’s Bookstore in Evansville, Indiana.
“People don’t have money to spend on what they want.” evansville said comic book shopkeeperJeff Osborne says in a typical comment I hear from small businesses every day. “They don’t even have money to spend on daily necessities right now.”
“It’s terrible for the middle class.” Osborne continues. “People are going to be staying at home more. They’re going to eat at home more. In the coming months, we’re going to see a lot of mom-and-pop restaurants close.”
The election of Kamala Harris as president will be a decisive blow to small business owners who are barely hanging on. Let’s think about this week port strike It is the centerpiece of the upcoming labor dispute that will determine her presidency. (Related: Union executive intends to ‘neutralize’ more than $900,000 in American profits last year)
Shoreworkers and shippers came to a certain place. temporary trade He came under intense pressure Thursday night from the Harris administration, which feared the strike would hurt polling.
Closing the ports from Boston to Houston would have serious economic consequences, including rebuilding from Hurricane Helen, which left a million people without power, and warehousing, trucking, and small businesses downstream across Main Street. It would have caused damage.
Under a Harris administration, large-scale strikes like this one will likely become more common. Harris support radical labor laws The bill, known as the PRO Act, would force countless small businesses to unionize, give unions continued strike power, and cripple the economy.
For years, Democrats have built their economic policy around stronger unions (and even some on the New Right parrot this message). Sounds good in theory, but the port strike gave Americans a front-row seat to what outrageous union demands actually look like. This episode should serve as a wake-up call to policymakers and commentators who favor unions over small businesses.
More broadly, Harris supports inflationary spending, higher taxes, hiring entrepreneurs, higher wages, and business regulations that make it harder to expand. she wants to Raise taxes by a record $5 trillion And let the Tax Cuts and Jobs Act expire. She wants to take gas-powered vehicles away from Americans, including work trucks and delivery vans for small businesses.
JCN is no wonder. Latest national opinion poll The survey found that small business owners support former President Donald Trump over Harris by 30%.
All Americans should get involved in small business and focus on Harris and Trump’s records while in office, not on campaign statements or government payroll numbers on the eve of the election.
Alfredo Ortiz is CEO of Job Creators Network, author of The Real Race Revolutionaries, and co-host of the podcast Main Street Matters.
The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.
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