Trump Takes The Smile Off Trudeau’s Face With These Reports
This past Tuesday Canada’s Prime Minister Justin Trudeau thought it would be wise to mock the President of the United States. The media, of course, thought it was great as patriotism has apparently become a foreign concept. Trump addressed the incident stating that Trudeau is “two-faced” and left it at that. But the real measure of leadership came through as the job reports came out, showing that Trudeau is the last person who should be smiling as he is failing his citizens.
CNBC noted the following highlights from the U.S. jobs report:
- Nonfarm payrolls surged by 266,000 in November, better than the 187,000 expected by economists polled by Dow Jones.
- The unemployment rate ticked down to 3.5% from 3.6%, back to the 2019 low and matching the lowest jobless rate since 1969.
- Average hourly earnings rose by 3.1% from a year ago, slightly above the 3% expected by economists polled by Dow Jones.
CNS News reported that the 158,593,000 Americans who were employed in November marked “the 24th record of Trump’s presidency” in terms of the overall number of Americans in the workforce.
“This is a ‘who would have thought moment?’” Becky Frankiewicz, president of staffing company ManpowerGroup’s North America division, told The Wall Street Journal. “No one would have ever guessed we could be sitting at 3.5% unemployment with 110 months of job gains.”
Trudeau’s economy took a very different turn than the U.S. economy did as it registered the biggest drop in employment in a decade.
“Canada’s job market unexpectedly weakened for a second-straight month, registering the biggest drop in employment since 2009 and casting doubt on the resiliency of the domestic outlook,” The Financial Post reported. “The economy lost 71,200 jobs in November, Statistics Canada said Friday in Ottawa, following a decline of 1,800 in the prior month.”
It looks like Trudeau should be begging for Trump’s guidance, not mocking him. Or maybe Trudeau is just not as committed to his people.
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