CNBC issued a breaking news alert as US President Donald Trump was given some dangerous news. Presenter Dominic Chu interviewed American economist Kevin Hassett after confirming that the US has seen manufacturing job losses for the final seven months. Chu requested over a breaking news banner throughout the underside of the display screen: “Manufacturing jobs, November, that’s a seven month decline, do you expect that to reverse in 2026?”
Hassett replied: “What we’re seeing is, you saw the increase in construction, we’ve been tracking ground breakings of all these factories that have come forward from both the trade deals of the drug companies, so there have been 30 factory groundbreakings since September 2025, and all of those are going to create new jobs next year.” Hassett’s response comes after new information has revealed that in 2025, unemployment fee rose to 4.6% in November, which is up by half a degree in 2025, and marks the best degree within the US since 2021.
Not solely that, those that have jobs aren’t seeing massive pay rises, as measures together with common hourly earnings and the employment price index are rising on the slowest paces since 2021.
From April by means of November, at the least 13% of employed people noticed no pay will increase in any respect from 2024, information from the Federal Reserve Bank of Atlanta present.
A video of the breaking news announcement was shared on X, as one individual fumed: “BREAKING: CNBC simply admitted it. Under Donald Trump, America has now seen seven straight months of producing job losses.Seven.
“While he sells “America First” slogans, working Americans maintain getting pink slips. This isn’t management. It’s financial erosion dressed up as patriotism.”
Another added: “While the slogans are loud, the manufacturing unit flooring are getting awfully quiet. Seven months of losses is not a ‘hiccup’; it is a pattern that no quantity of patriotic dressing can cover. If that is ‘profitable,’ the American employee actually cannot afford any extra of it!”
A third agreed: “Everyone ignored Elon when he stated that individuals have been going to have powerful occasions forward. He knew the impression that DOGE and PROJECT 2025 would have on the Country.”
However, one person disagreed, as they said: “What nonsense. You suppose the discount of presidency staff (250 thousand) is a foul factor. The progress fee of civilian labor is steadily rising. Don’t confuse us with Canada, the place one in 4 employees are authorities staff.”