Biden’s job market missed the predictions on the upside, not downside

Hi! How’s that economic working out for you? Recall what the last president did ⬇️

ICYMI: NEC Director Kevin Hassett’s quote is the tell—you’ve gotta be kidding that the President’s hand-picked lackey will be a more credible steward of America’s labor market data than a serious researcher and dedicated civil servant. Give me a break.

Kudos to the @financialtimes.com for getting the story right. Let’s not let President Trump distract us from downward trends in the labor market. Let’s reject his baseless attacks on the credibility of the data and focus on how his administration is harming America’s workers.

This @washingtonpost.com visual sums it up: tax cuts (that go disproportionately to the richest) paid for in large part by cutting health care and food for millions of Americans, and adding to the national debt.

I wish folks would ask the current administration this: Why is it that investment in the construction of manufacturing structures fell both times President Trump took the helm? And why did it rise so high and so fast under President Biden?

Data from: www.industrydatanavigator.org/data-viewer/

Not-so-great news: The share of folks indicating that they think unemployment will go up is ... going up.

The President inherited a strong economy and now folks are worried that it's moving in the wrong direction. You break it, you own it.

h/t @axios.com @emilypeck.bsky.social

Excellent “Big Read” in today’s @financialtimes.com

Chaos and mismanagement are not a good economic strategy.

Under the Biden Administration, investment in manufacturing facilities *more than doubled* and was at a *record high*. Meanwhile, manufacturing investment fell under the Trump I--excluding the Covid recession, manufacturing investment shrank by 2.9% annually.

Hello Pennsylvania!