The U.S. Labor Department reported the economy added 678,000 jobs in February and the unemployment rate fell to 3.8%. It was 4% in January. The department also reported the economy added 92,000 more jobs in December and January than was originally reported for those months. It was the 13th straight full months (Feb. 2021-Feb. 2022) of positive job growth on the democratic watch of President Joe Biden. The unemployment rate has declined 2.5% so far on Biden's watch. It was 6.3% when Trump left office. The unemployment rate increased on Trump's watch.
And as usual, the pundits were surprised at February's strong jobs growth as their predictions continue to be wrong on the economy. They failed to understand what is taking place with the economy since Trump took office and the fallout of the economic recession and the toll it took with Trump's inactions with the COVID situation. And the pundits also were ignorant of the facts and precedent that democratic governing is best at dealing with the economy, job creation, lower unemployment, smaller increases in federal spending and the national debt. But it has all been documented in "Politidose" commentary for the past 11 years.
The economy will continue to be uneven in its recovery which will affect the job numbers to be up and down, but make no mistake, the recovery will continue and the GOP will continue to obstruct because they have nothing left. The negative news coming out the media is an attempt to influence the November congressional elections with mis-information and outright lies. Every day the media stories contradict what they said the previous day about inflation, the stock market, the war in Ukraine and the price of oil and gas. So the President has to stay focused and vigil and stay on his policies and plans to continue to move the country and its people forward.
The economy has come a long way in the past 13 months under Biden's leadership and the country and its people have a reason to be positive and tune out the negative noise machine that want to see America fail. America the Beautiful is alive, well and still Beautiful. And that really says it all.
This commentary written by Joe Lorio
