The U.S. Labor Department reported the U.S. economy created 916,000 jobs in March and that the unemployment rate fell to 6% from 6.2% in February. It was the best job creation month since August 2020. The report also said February's job creation was adjusted upwards to 468,000 from the 379,000 reported in February's report. March's manufacturing grew to its highest level since 1983 and the consumer confidence index was positive. Job creation for February and March exceeded the number of jobs created in the previous four and half months.
There are still 8.4 million jobs that have yet to return to the economy since the recession began but February and March job numbers along with the stimulus and vaccine being administered are positive signs of an ongoing recovery. Consumer spending is also being increased by the public. The Labor Department is taking all those issues into consideration for their projections.
What is going on is a change in the government's economic policy and plans to deal with an economy badly damaged that is turning the corner but still in need of government attention for much larger gains and sustainment. The President's latest stimulus package and his recently proposed infrastructure legislation are important for a continued growth in the economy. The virus shots are being administered and increased and is also an important element in putting people back to work and opening up the economy.
The negative voices of the GOP and the so called conservative media are so out of touch, obstruction and opposition are all they have left. But the American people will remember their lack of governing the past 4 years and the mess they passed to the present administration. The Biden administration faces a tough situation not of their own making but democrats know how to govern and face the issues with policies and plans that work. And that is what the Biden administration is doing. The negative voices will continue but the mature people in the Biden administration will deliver for the benefit of the country and its people.
And when it takes place, you will have read it here in PolitiDose, your daily dose of political commentary.
This commentary written by Joe Lorio
