The U.S. Labor Department reported the economy added 216,000 jobs in December and that the unemployment rate came in at 3.7%, same as in November. It was the 35th straight month of positive job growth (Feb. 2021 - Dec. 2023) and the unemployment rate has stayed in the 3% range for the past 25 months, the longest string since the 1960's. Hourly wages were up 4.1% from a year earlier and the hourly wage has outpaced inflation over the past year. October and November's job numbers were lowered by 71,000 total as adjustments are nothing new and are revised up or down through the year.
The year 2023 ends on a good economic note for the country and its people. Thirty five steady months of economic progress, an economy that has proved the negative voices wrong over and over again, the American people still willing to spend because they have jobs with higher wages, a SANE President in the White House confident his policies will continue to work for the nation and its people and at the same time protect our democratic way of life. On the other side is just the opposite, a GOP party that is not a real party, just a bunch of Trump ditto heads who share his corruptive and traitorous acts against the United States, its people, the constitution, our legal system and democracy itself. They, along with a media that enables them are the greatest threat to democracy internally.
The United States now turns to a new year with high economic expectations to start it off. The future looks bright with a democrat still in the White House. The negative voices and the crazies are just that and have nothing else to offer. And that really says it all.
This commentary written by Joe Lorio
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