"One thing I want to note. The jobs reports going to come out tomorrow, we have to revise our expectations down significantly for what a monthly job number should look like. All the jobs that we were creating in Biden years [were] going to illegals, Americans [were] going to unemployment lines. That is totally reversed and now 50,000 a month is going to be more like what we need."
"The exchange came on Tuesday's edition of Mornings with Maria, one day before the Bureau of Labor Statistics is set to release employment data postponed by the brief government shutdown. The report is expected to show whether the labor market has broken out of a prolonged stall, after last year delivered the weakest annual job growth outside a recession since 2003. BLS reporting in December closed out the year at roughly 50,000 jobs added and unemployment at 4.4%"
A call was made to lower investor expectations ahead of a delayed jobs report, asserting that deportations would reduce measured monthly job gains and reflect immigration enforcement effects. The jobs report was postponed by a brief government shutdown; December showed roughly 50,000 jobs added and unemployment at 4.4%. The claim stated that jobs that had gone to undocumented workers would reverse, making about 50,000 monthly additions a steady-state norm rather than a sign of weakness. Market participants were urged to adjust and not interpret sub-100,000 monthly gains as economic trouble going forward.
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