The U.S. Labor Department announced that the U.S. economy created 222,000 jobs in June and the unemployment rate came in at 4.4%, up from the 4.3% in May. It was the 81st straight month of positive job growth after the great recession of 2008. The economy continues its expansion with a solid foundation.
With very little legislation coming out of Washington and the republican's fiasco with health care, the long range direction of the economy is in question. The republican party still has no jobs bill to introduce, only talk. The democrats now say they will introduce their own jobs bill to move this important legislature forward.
Government policies and attitude are the basics of a strong economic base and when there is no direction, progress slows. The next few months may well determine what the future may bring.
This commentary written by Joe Lorio
