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While the House Republicans were busy embarrassing themselves with a fifteenth round of voting, President Biden is making good on all of their promises to fix the economy. The new jobs report came out Friday with a trifecta of good news for Democrats on the economy. Not only have unemployment levels hit their lowest level in 50 years at 3.46% but wages have grown by 0.27% with over 717,000 new jobs created this month alone.
These numbers are more than just good, drawing from a pattern we’ve seen of consistently good. This pattern is enough to get us out of inflation by the end of the year – a problem that Republicans desperately tried to run on despite having no realistic solutions in mind on how to fix it.
There’s also a strong likelihood that the growth will continue as manufacturing plants continue to open. For manufacturing jobs alone, we’re seeing some incredible strength – with over 750,000 jobs being created in that sector since President Biden took office. Despite Republican promises on an economy that works for everyone, there’s not a single statistic to demonstrate this is true – and in fact, a great deal to indicate the opposite.
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The post Trifecta of good news for Biden and the Democrats appeared first on Palmer Report.