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Tariffs not to blame for jobs number, says U.S. Commerce Sec. Lutnick
CNBC Television· 2025-12-03 15:41
Economic Data & Analysis - The US Commerce Secretary suggests that the Democratic shutdown, rather than tariffs, negatively impacted private sector job numbers and small businesses [3] - Deportation policies are also cited as a factor suppressing private job numbers, with an expectation of rebalancing and regrowth [4] - The US Commerce Secretary anticipates a superb GDP growth exceeding 4% next year, driven by construction projects [4] - The US Commerce Secretary claims prices remain stable unless tariffs exceed 15%, with suppliers and distributors absorbing the costs [6] - Inflation is reported to be below 3% [6] Trade & Tariffs - The report suggests tariffs are not the primary cause of economic concerns [3][6][7] - Some businesses are struggling with tariffs, higher costs, and uncertainty [5] - Factory activity shrank in November, with tariffs cited as a reason in a manufacturing report [5] Future Outlook - The US Commerce Secretary predicts significant growth in factory construction and AI building next year [7] - Plans to reduce the price of power in America are expected to further stimulate the economy [8]
Govt. shutdown to last at least three days after Senate finishes voting
CNBC Television· 2025-10-01 19:58
Government Shutdown Impact - A vote on the stop-gap measure was expected today but will now likely occur on Friday due to the Jewish holiday [1][2] - The delay means job numbers will not be available on Friday morning [2] - September job numbers are set and will be released once the government reopens [3] - A prolonged shutdown will impact the collection of data on jobs, CPI (Consumer Price Index), and PPI (Producer Price Index) [3] - Inaccurate data due to the shutdown will affect the Fed, economists, and those analyzing the economy [3]
'You can’t lie to the American people' Joe slams Trump for using Heritage Foundation jobs numbers
MSNBC· 2025-08-08 11:51
comes as President Trump is now touting new job numbers just days after firing the head of the Bureau of Labor Statistics claiming without any evidence. The figures the agency released last week were rigged yesterday. He displayed new numbers found by an economist at the Conservative Heritage Foundation.The numbers are based on unpublished data from the Census Bureau, making it difficult to verify independently. I was telling the president that he did the right thing in calling for a new head of the Bureau ...