The U.S. Department of Labor reported the economy added 315,000 jobs in August and that the unemployment rate came in at 3.7%. The unemployment rate in July was 3.5%. The department said more people entered the job market in August that counted for the increase. It was the 19th straight month of positive job growth and wages were up 5.2% from the same period of last year.
So, the country's economic position is bright and still moving forward. Energy prices continue to fall and August's inflation is expected to be released next week that most economist say will show a decrease. But the negative noise machine is still out there predicting doom and gloom for the economy and urging the Feds to raise interest rates high and furious. Their predictions are still all over the lot for a recession, higher inflation and a hard landing. They still want that outcome so bad they can taste it. Their motivation is to see the President fail. It does not matter to them if the FEDS over react, create a recession and have millions of Americans lose their jobs. They just want to see the President and the country fail.
The President and his party must continue to address the negative noise machine for what it is and address the success of the economic achievements that have taken place for the past 19 months and are ongoing to continue the progress unfolding into the future. Negative minds die of decay. Positive thoughts are what makes America great and an informed voter will keep progress moving forward.
With the congressional elections only two months away a democratic controlled congress will work for all to keep America the Beautiful and the best road to continue the President's economic expansion for the country and its people. We came close to losing our country on Jan 6, 2020, we cannot let that take place again in the November elections.
This commentary written by Joe Lorio
