The U.S. Economy, Job Creation and Unemployment Rate for November 2024.

 The U.S. Labor Department reported that the economy added 199,000 jobs in November and that the unemployment rate came in at 3.7%, down from the 3.9% in October.  It was the 34th straight month of positive job growth and the unemployment rate has stayed in the 3% range for the past 24 months, the longest consecutive period in any Presidential administration the past 72 years according to the Labor Department's historical records on unemployment. 

And once again the negative voices were shocked that their predictions were wrong once again.  Treasury Secretary Janet Yellen took the so called economic experts to task for predicting unemployment would explode and layoffs would be great.  Those negative voices are now pushing for a recession sometime in 2024, a far cry from the second quarter of 2022 when they first reported the recession would take place.  

There has actually been no data to support a recession and or massive layoffs as predicted by the negative voices for the past 18 months.  They are just bent on seeing the President and the country fail because they oppose his policies, especially those that transition from fossil fuels to a green economy.   The economy has handled the negative voices well which indicate how strong the economy really has been.  

What the media should do from now until November of 2024 is inform the people how well the economy has performed despite inflation (which is on its way out) and buzz off the negative news that they have enabled like they enable Trump and the GOP.  

This commentary written by Joe Lorio

What Will The New Year Bring For Louisiana And It's People?

 A triple history will take place in 2024 for Louisiana and it's people.  A new year will begin, a new Governor will take the oath of office and the GOP will control the state legislature and a majority of state offices.  Will those changes signal a new beginning of progress or a return to the failed policies of past GOP administrations.  The answer can be projected because of precedent and past actions.  Democratic administrations govern with plans and policies to address the issues while the GOP govern with an extreme ideology that never address the issues.

It is accurate to report that the GOP are not conservative on fiscal matters.  The Jindal administration left the Edwards administration a fiscal deficit of $2 billion that Edwards had to deal with.  The state is now reporting when Edwards last fiscal year ends on June 30, 2024 there will be a budget surplus of several million dollars unless the new GOP administration blows it.  Governor Edwards brought fiscal stability to Louisiana's fiscal house after Jindal failed to balance one state budget in his eight years in office, despite the fact that former Democratic governor Blanco left him a $700 million budget surplus.  

We know that governor elect Landry supports the ideology of Trump and the GOP's divisive policies and personal attacks against others.  Landry, who supports Trump's attempt to  overturn the 2020 Presidential election, supports the state's telling the people what they can and can not read in public libraries and believes the state should control people's lives.  We know that in the past 28 years, the state has progressed more on the democratic watch of Blanco and Edwards, compared to the years of Foster and Jindal.

This writer believes when one examines the past 28 years in Louisiana and the present make up of the GOP nationally and in the state, their extreme ideology and anti-American attitude come the conclusion that the future of Louisiana under the new GOP administration will be like the failed GOP past.  

Food for thought:  The powers that be in Louisiana, including the media, like to remind us that Louisiana is a Trump/GOP state like that is something to be proud of.  This writer believes just the opposite and why the future of the new GOP administration will be a failure like the failed past.

This commentary written by Joe Lorio