The U.S. Labor Department announced that the economy created a whopping 321,000 jobs in November and continues what started over 50 months ago to put America back to work. It was the best job creation month since the Clinton administration. (Another Democrat) The Department also said job creation in September and October was 44,000 more jobs than originally reported.
Hourly wages increased 0.4%, the largest increase in hourly wages since June 2013. Over the past 4 years the annual average wage gains have been 2% a year. Unemployment for November held steady at 5.8%. The good news of the increase in the average wage should be a prelude to a higher increase as the economy continues to grow and create jobs. The closer the country approaches full employment the quicker wages will grow because of competation in the labor force.
The report also noted that with one month left to go, this year is shaping up as the best year for job creation in 15 years. (That also takes you back to the Clinton Administration) The republican party's decision to obstruct the President and his successful policies after their 8 years of failure during the previous administration is proof of their unAmerican conservative ideology. It makes no difference whether its fiscal matters, economics, foreign policy or domestic policy, the key to a successful future is to understand the mistakes of the past. The republicans failed to learn what the Sumerians said they were taught over 6000 years ago. As a result, the future is like the past for the republican party.
It is this writers hope that the President uses his veto power when he has too if republicans try any thing to disrupt the progress that has been made on reducing the deficit, the continued growth in the economy, job creation and lower unemployment. The President should also have a team ready to answer the republican's noise machine and their ditto heads.
Keep up the good work Mr. President.
This commentary written by John Lucia.
