Bad jobs report caused by "Democrat's shutdown", deportations -- not tariffs, Lutnick says

[BlueWaveNeverEnd]

https://www.cnbc.com/2025/12/03/lutnick-jobs-tariffs-shutdown-immigration-adp.html

"No, no, it’s not tariffs,” Lutnick said when asked whether President Donald Trump’s import duties explained Wednesday morning’s report from ADP, which revealed an unexpected 32,000-worker drop in the labor market.

That decline, a sharp turnabout from October, was led by businesses with fewer than 50 workers, which saw their payroll numbers sink by 120,000. Larger businesses, meanwhile, reported a net gain of 90,000 workers.

“Remember, you had the Democratic shutdown, right? And what do you think happens to small business? The people who do business with the U.S. government, they know they’re not getting paid, so they sort of slow down their projects,” Lutnick said.

“So you saw a little bit, even, of construction small business down. So the Democratic shutdown hurt the numbers,” he said.

[SonOfNebanaube]

1. Bullshit

[efhmc]

2. What garbage.

[elleng]

3. lutnik don't know nuttin.

[NewHendoLib]

4. Not lutnick. Fuckwit.