The U.S. Labor Department reported the economy added 431,000 jobs in March and that the unemployment rate came in at 3.6%, down from February's 3.8%. It was the 14th straight month of positive job growth under the Biden administration and so far the unemployment rate has declined 2.7% on his watch. It was down only 1.2% in Trump's first 36 months in office (prior to COVID) and was 1.6% higher when he left office than when he took office.
The Department also reported that the economy added 95,000 more jobs than was reported for January and February. Wages for March were up 5.6% from the same period last year and that consumers are still spending in spite of inflation. So the economy is still working well and growing at a healthy pace. Too bad the negative pundits with their negative voices continue to flood the news with their negative reports in order to help the GOP take back congress in the November election.
The U.S. economy, job creation and lower unemployment is taking place just like "Politidose" commentary predicted long ago and before the President actually took office. It was predetermined by the precedent of past democratic administrations for the past 70 plus years. So, for those who value the facts and the real issues, stay tuned to "Politidose" for your daily dose of political commentary.
This commentary written by Joe Lorio
Note: Ronald Reagan is the only GOP President in the last 70 years that left office with a lower unemployment rate than when he took office. During that same period there was no Democratic President who left office with a higher unemployment rate than when he took office. And if you think that is only a coincidence, you need to get a better life.
