Steve/Steven Rattner
speaker
50 appearances
1 recordings
1 series
first heard Dec 2025
last heard 18 Dec
Steve/Steven Rattner’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Dec 2025 with 1.
Appearances
Black unemployment is historically higher than white unemployment, but it has been spiking up this year.
It's an eight point three percent.
Again, the highest it's been in almost a decade.
And this is an interesting phenomenon.
And then youth unemployment.
We've talked about this before, but the news just keeps getting worse.
Ten point six percent of people, 16 to 24, who are looking for jobs are unemployed.
Again, the highest in many, many years.
So there's nothing really happening.
And why is that?
Because we're not creating that many jobs.
We created 64,000 jobs last month, well below the amount you need to keep a growing labor force employed.
But even more interestingly, Chairman Jay Powell of the Fed said a week ago that he thinks the jobs numbers in recent months have been overstated by as many as 60,000, not through any kind of malfeasance, but simply quirks of the statistical methods.
He's got his own set of economists who look at this thing.
then the average number of jobs created over that period of time is actually negative.
We actually would have lost almost 50,000 jobs a month during this period of time.
And you compare that to the pre-COVID average when we were adding 170,000 jobs per year.
And so there's really nothing good happening on job creation and therefore on unemployment.
He's trying to bring back the manufacturing industry, the sort of core businesses that he thinks contribute to economic growth, but the picture so far anyway is quite different.
Healthcare really has been far and away our biggest source of job creation.
Showing 21–40 of 50 · page 2 of 3
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