Nate Jackson / Dec. 4, 2020

The Post-Election Jobs Freeze

November's jobs report showed significantly slowing growth.

The good news is that the U.S. economy added 245,000 jobs in November, while the headline unemployment rate dropped a notch to 6.7%. The fuller measure of unemployment sits at 12%. The bad news is this represents a significant slowdown in job growth after the gangbusters reports following the reopening of the economy, and November’s report falls far short of predictions. All the ground we lost in March and April has not yet been made up — we’ve recovered only 12.3 million of the 22 million jobs lost.

The primary factor behind the slowdown is still COVID restrictions. Many states, counties, and cities are still imposing varying degrees of lockdown. Governors Gavin Newsom (California), Gretchen Whitmer (Michigan), and Andrew Cuomo (New York) have been legendary for their tyrannical regulations (not to mention gross hypocrisy), and such lockdowns in huge states make recovering jobs that much more difficult. Restaurants, for example, are often relegated to outdoor dining only and that’s not exactly a welcoming feature as temperatures plummet. (Where’s global warming when you need it?) Hence, fewer jobs are coming back. In fact, the areas of food service and retail actually lost jobs in November.

The elephant in the room, of course, is the presidential election. The November jobs report isn’t the first one since the election, but it is the first to include data from after it. Given the presumption that Joe Biden will take office in January, businesses began planning accordingly. Biden has already named much of his economic stagnation team, which bodes ill for the two recoveries President Donald Trump helped to fuel, even if the second remains incomplete.

Moreover, Biden and his team are likely to push for a major hike in the federal minimum wage — to $15 an hour. That sounds really great and “long overdue” as one leftist economist put it. But try telling the restauranteur who can only seat at 25% capacity outside that he has to pay his workers twice as much for a quarter of the work. The real world doesn’t work the way leftist pinheads with cushy jobs in think tanks seem to assume it does.

Between the way Democrat politicians have exploited the pandemic to wreck the economy and the Biden administration’s plans to kneecap business owners with tax and wage hikes and to tie them up with regulatory red tape, the American economy may be in for a tough winter. Biden’s “dark winter” comment might be right after all, if for different reasons.

Who We Are

The Patriot Post is a highly acclaimed weekday digest of news analysis, policy and opinion written from the heartland — as opposed to the MSM’s ubiquitous Beltway echo chambers — for grassroots leaders nationwide. More

What We Offer

On the Web

We provide solid conservative perspective on the most important issues, including analysis, opinion columns, headline summaries, memes, cartoons and much more.

Via Email

Choose our full-length Digest or our quick-reading Snapshot for a summary of important news. We also offer Cartoons & Memes on Monday and Alexander’s column on Wednesday.

Our Mission

The Patriot Post is steadfast in our mission to extend the endowment of Liberty to the next generation by advocating for individual rights and responsibilities, supporting the restoration of constitutional limits on government and the judiciary, and promoting free enterprise, national defense and traditional American values. We are a rock-solid conservative touchstone for the expanding ranks of grassroots Americans Patriots from all walks of life. Our mission and operation budgets are not financed by any political or special interest groups, and to protect our editorial integrity, we accept no advertising. We are sustained solely by you. Please support The Patriot Fund today!

★ PUBLIUS ★

“Our cause is noble; it is the cause of mankind!” —George Washington

The Patriot Post is protected speech, as enumerated in the First Amendment and enforced by the Second Amendment of the Constitution of the United States of America, in accordance with the endowed and unalienable Rights of All Mankind.

Copyright © 2021 The Patriot Post. All Rights Reserved.

The Patriot Post does not support Internet Explorer. We recommend installing the latest version of Microsoft Edge, Mozilla Firefox, or Google Chrome.