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FreedomWorks economist Steve Moore explains how the Red States versus the Blue States are behaving economically amid the pandemic.
FreedomWorks economist Steve Moore reflected on December’s disappointing jobs report and named California one of the top reasons for the nation’s job losses.
“What’s going on in California right now is killing the US economy,” Moore said on “Mornings with Maria.” “There is no reason to shut down the California economy.”
US ECONOMY REDUCES 140,000 JOBS IN DECEMBER AS COVID SURGE LEADS RECOVERY
The U.S. economy shed 140,000 jobs in December, the first drop in seven months, as an increase in COVID-19 cases nationwide sparked a new wave of closures, reversing the labor market recovery. The unemployment rate remained stable at 6.7%, the labor ministry said in its monthly payroll report, released on Friday.
“We are one nation,” Moore continued. “But when two of the world’s largest economies – California and New York – are all but closed, how are you going to achieve job growth?”
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He added that the Red States have lower unemployment rates than the Blue States.
However, the Wall Street Journal’s Jon Hilsenrath, who was also part of the conversation, believes the coronavirus resurgence in the United States is behind the labor market contraction in December.
“We had a chance to get this thing under control. We messed it up, ”he said. “We have had a resurgent labor market and it is contracting. This is another tragedy that strikes this country. “
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Moore and Hilsenrath both agreed that it was essential for America to bring the virus under control.
“The vaccine is the ultimate boost to the economy,” Moore said. “No doubt about it.”
Megan Henney of FOX Business contributed to this article.
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