The U.S. Labor Department reported the U.S. economy added 210,000 jobs in November and the unemployment rate came in at 4.2%. It was 4.6% in October. It was the 10th straight month of positive job growth for the Biden administration and the 4.2% unemployment rate was the lowest since February 2020. Also reported last week was the number of Americans applying for unemployment benefits plummented in November to the lowest level in more than a half century.
So the U.S. economy continues to grow, create jobs, reduce unemployment and the American consumer continues to spend. More people are also entering the job market and finding jobs with higher pay. The turn around in the economy is taken place at a reasonable level considering all the negative factors that come with the recession, the pandemic and several COVID outbreaks over the past 18 months.
The economy should improve even more as President Biden's legislation begins to kick in over time for the long term. The negative voices of the GOP, the conservative media and those who love to spread dis-information and see the Biden Presidency fail are hopeless with an extreme anti-American attitude. That is why now it is so important for a mature President like Biden to be in the White House.
Presidential leadership is back at governing with courage and virtue.
This commentary written by Joe Lorio
