November 1, 2024 11:50am EDT
CEO of top 'non-woke' job board reacts to 'the worst' report he's 'ever' seen: 'Red flag' for 2025
The last jobs report before the 2024 election shows only 12K jobs added to US economy in October
By Kristen Altus FOXBusiness
A massive jobs miss doesn’t paint a positive picture for the backbone of America’s economy, according to the CEO of the top "non-woke" job board.
"Is that wrong?" RedBalloon’s Andrew Crapuchettes said in reaction to the Labor Department's October jobs report, which revealed only 12,000 positions were added to the economy, well under economists' expectations of 113,000.
"This is shockingly low," he continued. "There's a lot of destruction that happened from both hurricanes and there will be a lot of construction jobs that are going to come out of that. That's not an economic boom, and we shouldn't see it that way, but it will cause some kind of disruption in the labor market. But, wow, I don't know what to say. This is a horrible job report. The worst one that I think that I've ever seen and I think will have ripple effects throughout the economy."
Crapuchettes noted that October is usually the busiest time for the retail industry hires ahead of the bulk of holiday shopping.
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https://www.foxbusiness.com/media/ceo-top-non-woke-job-board-reacts-worst-report-ever-seen-ripple-effects-red-flag-2025
