The U.S. Labor Department announced the economy created 151,000 jobs in February and the unemployment rate came in at 4.1% in Trump's first full month in office. The unemployment rate was 4% in January. It was the 49th straight month of positive job growth than began with the Biden administration. As a comparison with Biden's first full month in office in February of 2021, 379,000 jobs were created and the unemployment rate was 6.2%
Job creation remains in a positive position because of the good economy Biden left and despite the chaos being spread every day by Trump's tariffs and changing position on everything. One thing is for sure, the direction of the economy is now in the hands of Trump and his GOP and their past record of failure has taught them nothing.
As of this writing and taking everything into consideration what Trump has proposed, this writer has not changed his mind that the country will enter an economic recession, which exact time is unknown but will surely take place. And for Trump and his GOP, there second time around will be like their failed past.
This commentary written by Joe Lorio
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