I am sure this is all news to you, but read and learn..
https://thehill.com/opinion/white-house/584905-biden-is-delivering-the-fastest-economic-recovery-in-history-why-hasntBiden is delivering the fastest economic recovery in history. Why hasn't anyone noticed?
BY MAX BURNS, OPINION CONTRIBUTOR — 12/09/21 08:30 AM EST
Democrats are faced with a sticky problem: The economy is nearing full employment after businesses added 210,000 jobs in November, labor force participation climbed to its highest level since the pandemic and wages are rising across many industries. Yet most voters are increasingly pessimistic about President Biden’s economic stewardship.
“I’m not exactly sure why what’s happening isn’t being characterized as a booming recovery from a worldwide shutdown,” Hawaii Sen. Brian Schatz (D) mused in a tweet last month. The answer involves a bit of Democratic over-optimism and a whole lot of Republican messaging the Biden administration has been slow to counter.
Schatz is largely right: Under Biden, the American economy has recovered from its Trump-era lows with remarkable speed. Just a year ago, the unemployment rate sat stubbornly at 6.7 percent. Today, only 4.2 percent of Americans are out of work. Similar economic recoveries have normally taken three times as long. The Biden administration is delivering on the fastest sustained economic recovery in American history, yet its messaging struggles to tell that story.
More important for Democrats is that this isn’t a “paper recovery,” where unemployment rates fall because more Americans simply give up looking for work. Much to Democrats’ relief, the opposite istrue for the Biden recovery. The labor force participation rate, the percentage of Americans 16 and older who are working or actively looking for work, just hit pre-pandemic levels. That’s a hugely reassuring development for analysts who initially feared the global pandemic would be a drag on the labor force rate for years to come.
I am sure this is all news to you, but read and le... (