{"id":9036,"date":"2024-11-06T14:05:41","date_gmt":"2024-11-06T14:05:41","guid":{"rendered":"https:\/\/kohajone.press\/?p=9036"},"modified":"2024-11-06T14:05:43","modified_gmt":"2024-11-06T14:05:43","slug":"kentucky-has-been-called","status":"publish","type":"post","link":"https:\/\/kohajone.press\/?p=9036","title":{"rendered":"Kentucky Has Been Called"},"content":{"rendered":"\n
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 Getty Images<\/figcaption><\/figure>\n\n\n\n

Former President Donald Trump has defeated Vice President Kamala Harris in.<\/p>\n\n\n\n

https:\/\/twitter.com\/DecisionDeskHQ\/status\/1853950548396961902<\/a><\/p>\n\n\n\n

Earlier this week, Trump predicted the country would take a turn for the worse should Harris defeat him.<\/p>\n\n\n\n

\u201cIf Kamala wins, you\u2019re three days away from the start of a 1929-style economic depression,\u201d he said, before quickly adding, \u201cIf I win, you\u2019re three days away from the best jobs, the biggest paychecks, the brightest economic future that the world has ever seen.\u201d<\/p>\n\n\n\n

His remarks were made during one of his final rallies before voters determine the outcome of his third campaign for the White House. He referenced Friday\u2019s announcement from the Bureau of Labor Statistics, which revealed that only 12,000 jobs were created in October\u2014significantly lower than the estimates of 113,000 to 200,000, Newsmax reported<\/a>.<\/p>\n\n\n\n

\u201cI can\u2019t believe this happened,\u201d Trump said Saturday at an earlier rally. \u201cIt was announced that Kamala\u2019s economy is like in a depression. The worst numbers I\u2019ve ever seen, the worst numbers in many, many years. Kamala\u2019s economy added only 12,000 jobs. I\u2019ve never heard of that before.\u201d<\/p>\n\n\n\n

He noted further: \u201cThat\u2019s the good part because we lost nearly 30,000 private sector jobs, along with nearly 50,000 manufacturing jobs in one month.\u201d And that, he said, is \u201cnot recession stuff. This is depression.\u201d<\/p>\n\n\n\n

Also, under the Biden-Harris administration, which he referred to as \u201cKamala\u2019s catastrophic agenda,\u201d Trump said that \u201cmore than 100,000 manufacturing jobs, this was just announced yesterday, they\u2019ve been wiped out since the start of the year \u2026 these are big numbers.<\/p>\n\n\n\n

\u201cYou know, normally it\u2019s like 2,000 jobs, 4,000 jobs. It\u2019s almost a million jobs that were fake. These are fake jobs,\u201d he said. \u201cYou could end up with a Great Depression right now, the way that\u2019s going. Nobody can believe the numbers.\u201d<\/p>\n\n\n\n

Trump then said that the pour job creation numbers are hurting black Americans the most, much of it due to years\u2019 worth of Biden-Harris open border policies.<\/p>\n\n\n\n

\u201cThe African American population of this country is being decimated by the hundreds of thousands of people that just keep pouring through the open borders because of\u201d Harris, he said.<\/p>\n\n\n\n

\u201cThey should announce those numbers right now before the election because you won\u2019t have one black person that votes for Kamala. You won\u2019t have one. When you see those numbers, you\u2019re going to know exactly what I\u2019m talking about,\u201d Trump added.<\/p>\n\n\n\n

\u201cI will do a real job for you,\u201d he said. \u201cI\u2019m going to work my a** off for you.\u201d<\/p>\n\n\n\n

Meanwhile, U.S. wage growth\u00a0experienced\u00a0its smallest increase in over three years during the third quarter, reflecting a slowdown in wage growth and suggesting that inflation is firmly on a downward trend, a finding that won\u2019t help Harris in the run-up to Election Day.<\/p>\n\n\n\n

According to the Labor Department\u2019s Bureau of Labor Statistics, the employment cost index (ECI), the broadest measure of labor costs, rose by 0.8% last quarter. It marks the smallest gain since the second quarter of 2021 and follows an unrevised increase of 0.9% in the second quarter, Reuters reported<\/a>.<\/p>\n\n\n\n

Economists surveyed by Reuters had anticipated a 0.9% increase in the ECI. Labor costs increased by 3.9% in the 12 months leading up to September, the smallest rise since the third quarter of 2021, down from a 4.1% increase in the year through June. Annual labor cost growth has decreased from 4.3% in September 2023.<\/p>\n\n\n\n

Policymakers regard the ECI as a reliable indicator of labor market slack and a predictor of core inflation, as it adjusts for changes in composition and job quality. The Federal Reserve is aiming for a 2% inflation target.<\/p>\n\n\n\n

Government data released on Wednesday revealed that core inflation rose at its slowest pace in nearly a year during the third quarter. Last month, the Fed initiated its policy easing cycle with an unusually large half-percentage-point interest rate cut, marking the first reduction in borrowing costs since 2020, Reuters added.<\/p>\n

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