Government and Politics
December 6, 2024
As Trump prepares to enter office, the Biden-Harris economy continues to add jobs
LANSING - On December 6, 2024, the December jobs report showed that the Biden-Harris economy bested expectations again, creating another 227,000 new jobs in November. Meanwhile, Donald Trump and his billionaire Cabinet are set to undo that progress to push an agenda to rig the economy for the ultra-wealthy, set off an “inflation bomb,” and hike costs for Michiganders.
“While Republicans are dead set on making life more expensive for Michiganders, Democrats are laser-focused on building a booming economy,” said Michigan Democratic Party Spokesperson Tommy Kubitschek. “As this jobs report demonstrates, the Biden-Harris administration is still growing our economy and delivering for Michiganders - exceeding expectations and creating 227,000 jobs. Meanwhile, Trump and his billionaire Cabinet are ready to push expensive Project 2025 policies to rig the economy for the ultra-wealthy, hike costs, and skyrocket inflation, all on the backs of working families in Michigan. We can’t afford these expensive Republican policies, and Michigan Democrats will work to keep costs down for Michiganders every step of the way.”
Check out more about this jobs report and clear contrast with Republicans below:
NEW: November’s jobs report beat expectations, boasting 227,000 new jobs under the Biden-Harris administration.
- Wall Street Journal: “Jobs Report Today: U.S. Added 227,000 Roles Last Month, Beating Expectations”
-- “The latest nonfarm payrolls report showed the labor market remains in decent health … A total of 227,000 positions were created in November, topping expectations for 214,000 new jobs.”
- Washington Post: “Employers created 227,000 jobs in November, a solid improvement reflecting resilience in the economy following a weaker report in October, a month marked by hurricanes and strikes.”
Meanwhile, Donald Trump and his billionaire Cabinet - the wealthiest in history - are gearing up to rig the economy for the ultra-rich, set off an “inflation bomb,” and hike costs for working families.
- U.S. News and World Report: “President-elect Donald Trump - who often campaigned on the idea that he would ‘rescue our middle class’ and fight for the average American - has chosen billionaires to help shape his administration.”
-- “The total net worth of the billionaires in the Trump administration, as of Dec. 5, equals at least $358.9 billion - which is more than the GDP of 169 different countries.”
- Axios: “16 Nobel economists see a Trump inflation bomb”
- Associated Press: “Trump’s economic plans would worsen inflation, experts say”
- Newsweek: “Nobel Prize Winner Explains How Trump Could Cause ‘Economic Chaos’”
- Washington Post: “Companies ready price hikes to offset Trump’s global tariff plans”
- Philadelphia Inquirer: “Editorial: Donald Trump’s economic agenda would turn boom into bust”
- U.S. News: “Report: Trump’s Economic Proposals Would ‘Dramatically Worsen’ Social Security”
Let’s not forget that Trump left office with the worst jobs record of any president in modern American history - and his MAGAnomics agenda for a second term will be a disaster for working families.
- Washington Post: “President Trump took office at the crest of the longest economic expansion in U.S. history. He leaves presiding over the worst labor market in modern U.S. history, as an already-sputtering economic recovery has turned negative.”
- Fortune: “Trump to leave office with the worst jobs record since Herbert Hoover”
- Wall Street Journal: “President Trump’s trade war against China didn’t achieve the central objective of reversing a U.S. decline in manufacturing, economic data show, despite tariffs on hundreds of billions of dollars of Chinese goods to discourage imports.”
- Bloomberg: “The Offshoring of U.S. Jobs Increased on Trump’s Watch”