job report continues to be excellent

[pjmret]

that stupid bidennomics. lol.
unemployment rate falls, job growth far exceeds forecast.


overall,
The United States economy grew faster than any other large advanced economy last year — by a wide margin — and is on track to do so again in 2024.
State of play: All countries were dealing with the same problems of post-pandemic inflation and high interest rates meant to combat it. But the U.S. managed to achieve solid growth in spite of those headwinds.

• Strong growth in the U.S. labor force was one factor — both due to more Americans choosing to enter the workforce and a surge in immigration.
• The U.S. also experienced strong productivity growth fueled by an innovative corporate sector and, Biden administration officials argue, big federal investments in infrastructure and manufacturing capacity.

What they're saying: Adam Posen, president of the Peterson Institute for International Economics, argues that an important part of the story is a U.S. pandemic response that led to more Americans shifting toward higher-productivity work.

• "The enormous labor market churn of COVID in 2020-21 had the unintended benefit of moving millions of lower income workers to better jobs, more income security, and/or running their own businesses," Posen tells Axios.

https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations

thank you joe and bidenomics

 

[Phoenix68]

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It's ALWAYS nice to get back, to Normal!!!!
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.​

 

[Phoenix68]

that stupid bidenomics.

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....ROARED HIGHER As PAYROLLS SURGED!!!!!
October 4, 2024
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​

 

[Gabriel_Bell]

The same statistics that Trump said made a part of his term successful are identical to those that Biden has made successful for all four years of his. Low unemployment, a rising stock market. The rate of inflation was also reduced without throwing anyone out of work, which always happened when Republicans tried to lower inflation.