The U.S. Labor Department reported the economy created 257,000 jobs in January and that unemployment ticked up to 5.7% from 5.6% in December. They also reported that November's job creation was 425,000 instead of the previously reported 321,000 and that December's job creation was 329,000 instead of the reported 252,000. The changes lifted total job creation in 2014 to 3.1 million jobs. The largest one year increase since 1999. And guess who was President in 1999? Another democrat by the name of Bill Clinton.
Other good news: Hourly wages were up over 2% in 2014. The economy grew over 4% in the second and third quarter and consumer confidence is rising. The economy expanded in all directions and the economic mood of economist is broad based for the good news to continue.
The republican party and the conservative news media all acted negatively to the good report. They all called it a part time economy like good ditto heads. They reported over and over with glee the unemployment rate went up 1/10th of 1%. Of course the Labor Department said that happened because 700,000 people entered the work force to find jobs. They had previously dropped out of the work force and stopped looking for work. Their actions is confirmation how well the economy and job creation continue to expand.
Chris Hayes of MSNBC and other journalist admitted being taken by surprise how well the economy and job creation was playing out. Hayes asked his guest, what is going on here? Well, what is going on here has been explained in "PolitiDose" since Obama took office. Where has Hayes been these last 59 straight months of job creation? Its very easy to understand if one pays attention.
The good news about the economy and job creation in January came out after the bad news coming out of the republican controlled congress for January. The GOP in congress is still sitting on their hands and accomplishing nothing. For republicans, somethings never change. The republicans in congress and their ditto head leaders predicted that "Obamacare" would be a job killer. They started and stuck to that lie ever since the democratic controlled congress passed the ACA. They are familiar with the words "job killer" because that is exactly what happened in the last republican administration. And John Boehner and Mitch McConnell were serving in congress at that time.
This commentary written by Joe Lorio
