Way to Go, Joe! 'America's recovery is the envy of the world': Experts praise latest jobs numbers

[B.See]

'America’s recovery is the envy of the world': Experts praise latest jobs numbers

America’s strong post-COVID economic recovery continues to stun experts, as employers added 216,000 jobs in December, strongly surpassing expectations of just 175,000 new jobs. Unemployment held steady at 3.7%, making it the 23rd month in a row where unemployment was below 4%. A 5% unemployment rate is considered “full employment,” so for nearly two years the U.S. economy has been doing substantially better on that front.

It’s not just that more Americans are employed, but wages are rising as well. “Average hourly wages rose 4.1% from a year earlier, up from a 4% gain in November,” ABC News reported, noting, “average hourly pay has outpaced inflation over the past year, leaving Americans with more money to spend. Indeed, as they did for much of 2023, consumers, a huge engine for U.S. economic growth, hit the stores in November, shopped online, went out to restaurants or traveled.”

As wages and payrolls expand, inflation has tumbled, from a recent high of 9.1% in June of 2022, to just 3.1%.

[raging moderate]

1. A true American miracle!

I bet other people here remember when the Republicans tried to claim that they had created an economy that was called an "American miracle" by leaders of other countries, back in the Bush years.

[Demovictory9]

2. Kick

[EYESORE 9001]

3. Kinda blows 'austerity' theories out of the water

FUCK austerity policies

[Hermit-The-Prog]

4. Seems that Joe's middle out and bottom up strategy works well.

[B.See]

5. 9 of the last 10 US recessions began with a GOP President. Why would anyone trust a Republican with the economy again?

9 of the last 10 US recessions began with a GOP President. Why would anyone trust a Republican with the economy again?

An old article and pre-pandemic. But a fact worth remembering.

[Hermit-The-Prog]

6. graphic

[B.See]

7. Thanks for the post and the graphic.

I excluded the recession under Trump so as not to have someone trying to dismiss it because of Covid. Otherwise the score would actually be 10 of the last 11 recessions. And yes, his attempted obstruction and obfuscation of the Covid response was a major factor in unnecessary deaths and job loss. So that too is on HIM.

[LetMyPeopleVote]

8. Bidenomics work

Link to tweet

Link to tweet

Link to tweet

Link to tweet

Link to tweet

[B.See]

9. Thanks for these as well

ALL FACTS that the so-called "liberal" mainstream media pretty much IGNORES because they're too busy covering a lying, grifting, sore loser, psychopath.