Unemployment Rises, But Shift from Government Dependency to Private-Sector Signals Strength

The November jobs report is in, showing the unemployment rate rising to 4.6%—its highest level since 2021. While some see this as a warning sign, experts note a shift from government dependency toward private-sector growth. The Vice President JD Vance addressed the economy today, highlighting progress on the affordability crisis inherited from the previous administration. He pointed to improving real wages, which had fallen under the prior administration, and noted that working-class families could see larger tax refunds next year. Joining Alicia Summers to discuss is Ed Siddell, CEO and Chief Investment Advisor at EGSI Financial.