C_Clayton_Jones
Diamond Member
‘The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.
The report showed unemployment fell to 4.1%, while wage growth rose 0.3% to an average hourly rate of $35.69. Ultimately, wage growth in 2024 rose 3.9%—outpacing the 2.7% inflation rate, according to data from the Bureau of Labor Statistics.
The "economy remains very robust," Harvard economics professor Jason Furman wrote in a post on X. "A variety of indicators show the labor market has stabilized. There doesn't seem to be any pressing reason to change interest rates any time soon."
The report, released by the BLS, is the final full monthly report of Biden's tenure.’
Another Democratic president cleans up another Republican’s mess and leaves another Republican with a strong, healthy economy.
The report showed unemployment fell to 4.1%, while wage growth rose 0.3% to an average hourly rate of $35.69. Ultimately, wage growth in 2024 rose 3.9%—outpacing the 2.7% inflation rate, according to data from the Bureau of Labor Statistics.
The "economy remains very robust," Harvard economics professor Jason Furman wrote in a post on X. "A variety of indicators show the labor market has stabilized. There doesn't seem to be any pressing reason to change interest rates any time soon."
The report, released by the BLS, is the final full monthly report of Biden's tenure.’
Biden will bequeath a strong economy for Trump to destroy
The U.S. economy added 256,000 jobs in December, beating economist's expectations and cementing the fact that President Joe Biden is leaving Donald Trump a strong economy as his term comes to a close.
www.dailykos.com
Another Democratic president cleans up another Republican’s mess and leaves another Republican with a strong, healthy economy.