Job Creation and The Unemployment Rate for December 2021.

The U.S. Labor Department reported that the U.S. economy added 199,000 jobs in December and that the unemployment rate fell to 3.9%.  It was the 11th straight month of positive job growth in Biden's first full 11 months in office. (Feb. - Dec).  A year ago in December 2020, the Labor Department reported the economy lost 140,000 jobs on Trump's watch, a swing of 330,000 jobs for the better this December.  The Department also noted that November's job numbers were 39,000 more than originally reported.

The 3.9% unemployment rate for December was much improved from the 6.3% rate in January 2021 when Trump left office.  Hourly wages for December were up 4.6% over November's numbers and workers are leaving their present employment to seek higher paying jobs elsewhere.  All in all, the report indicates the economy is still expanding and the virus surge will continue to play a negative tune on the economy to a certain degree.  That is the main reason why the President's BBB legislation should pass the senate as soon as possible to assist negate the effects of the virus.  It is a fundamental part of the President's policy for an economy that still needs to be primed to a certain extent.

So in Biden's first full 11 months in office, the economy has added 5,513,000 jobs, an average of 501,000 jobs per month according to the monthly reports of the Labor Department.  Trump, in his first 36 months in office (before the pandemic) 6.6 million jobs were added to the economy for a monthly average of 183,000 jobs per month.  And Trump ended his Presidency with a loss of over 3 million jobs, the worst job creation record since the great depression of 1928-1929.

President Biden's legislation that has passed congress is working to move the country and its people forward.  But understand, no economy is perpetual and able to survive on its own.  There has to be an ongoing policy and plan along the way available to implement when needed to face the issue that is a threat.  That is why Biden's leadership and policies are so important for the economy in 2022 and beyond.    

The year 2021 was a good start.  This year is important to keep the economy going forward.  The noise machine will continue to be negative and obstructive to divide the country until the November congressional elections.  It is up to every American to tune out the noise  and mis-information  for the good of the country and all of it citizens.  The democratic precedent of accomplishments continues under the Biden administration and those who pay attention along with the readers of Politidose commentary knew it would take place.

This commentary written by Joe Lorio