The U.S. Labor Department reported Friday that the Economy added 428,000 jobs in April and that the unemployment rate was unchanged at 3.6%. It was the 15th straight month of positive job growth (Feb. 2021 - April 2022) for the Biden administration and its economic policy to put the economy back on track and the people back to work. The negative voices who are still out there on their daily rant have been so wrong about Biden's policies over the l5 months.
The Labor Department reported that wages were up 5.5% in April compared to last year and up 0.3% from March 2022 and consumer spending is still strong. Those who still claim to be surprised by the strong economy and job creation are the same ones who are ignorant on the subject matter and which party governs best. They are the same negative voices that flood the media with misinformation and lies. They talk about inflation being at a 40 year high but never admit that inflation today is not even close to the threat it was 40 years ago.
The greatest threat facing the economy at the present time is what will the Federal Reserve do to manage inflation. If they over react and raise rates too high and too often it could cause an economic recession. They have the right tools to be effective so the question is, do they have the right frame of mind to deal with the matter without destroying the economy.
The President has sound policies to keep the economy on track and move the country and its people forward and begin the transition to a greener environment. Those who ask what's the rush to a greener world have been saying that for the past 25 years so only the ignorant would take them seriously.
The economy, job numbers and etc., since Biden took office confirm what precedent should have taught us in the last 100 years. The liberal/progressive policies of democratic administrations work best for the country and its people and that democratic administrations are best at governing.
This commentary written by Joe Lorio
