The U.S. Labor Department announced the U.S. economy added 303,000 jobs in March and that the unemployment rate came in at 3.8%, down from 3.9% in February. It was the 38th straight month of positive job growth and the unemployment rate has now been in the 3% range for 26 straight months, the longest stretch since the 1950's. The Department also reported the economy added 22,000 more jobs in January and February than originally reported.
After the good Department report, the usual negative voices were all over the lot with their negative comments and continued doom and gloom about the positive numbers. They are still ignorant as to why the economy continues to do well, still ignorant and guessing what the Feds will do on interest rates while the so called business hosts on cable news have been ignorant and wrong on all their economic predictions.
Unfortunately, the media in general continue to feed the people the negative dialog instead of the positive position of the U.S. economy and the people's confidence in spending. The readers of PolitiDose knew from the very beginning the Biden administration would move the country and its people out of the Trump great recession and loss of jobs, bring back the economy and jobs because they read it here in PolitiDose commentary before and early after Biden took office.
It was a repeat story of what President Obama accomplished after he inherited the great Bush 43 recession of 2008. That also was predicted in PolitiDose commentary before and early after Obama took office.
History and precedent confirms over the past 90 years that democratic administrations do a much better job at governing than the GOP and it is no coincident.
This commentary written by Joe Lorio
