FreedomWorks economist Steve Moore talks about how red states are performing economically versus blue states economically amid the pandemic.
FreedomWorks economist Steve Moore reflected on the disappointing December report, citing California as one of the leading causes of job losses in the country.
“What’s going on in California right now is killing the U.S. economy,” Moore said on “Mornings with Maria.” “There’s no reason to stop the California economy.”
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The U.S. economy shook off 140,000 jobs in December, the first decline in seven months as an increase in COVID-19 cases nationwide caused a new wave of stagnation, reversing the recovery of the labor market. The unemployment rate remained constant at 6.7%, the Department of Labor said in its monthly payroll report released Friday.
“We are one nation,” Moore added. “But if you have two of the largest economies in the world – California and New York – virtually closed, how are you going to get job growth?”
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He added that red states have lower unemployment rates than blue states.
However, Jon Hilsenrath of The Wall Street Journal, who was also part of the conversation, believes that the revival of the coronavirus in the US is behind the contraction of the labor market in December.
‘We had the chance to get this thing under control. We blew it, “he said. ‘We had a new training market and it’s shrinking. This is another tragedy that befalls this country. ”
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Moore and Hilsenrath agreed that America needs to get the virus under control.
“The vaccine is the ultimate stimulus for the economy,” Moore said. “No question about that.”
FOX Business, Megan Henney, contributed to this article.