Home Budget, Economy As We Head Into Labor Day, Jobs Report “Not Too Hot,” “Not...

As We Head Into Labor Day, Jobs Report “Not Too Hot,” “Not Too Cold,” puts an end to any talk the U.S. economy is in recession”

Also, gas prices continue to fall, inflation appears to be easing.

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As we head into Labor Day weekend 2022, the state of our economy is looking very strong – as Rep. Gerry Connolly (D-VA11) lists, below: we’re definitely NOT in a recession, we’re continuing to add jobs, the labor force participation rate is up to near pre-pandemic levels, “working-age women are now back to work at rates not seen since before the pandemic,” “gas prices have fallen for 80 straight days, down $1.20/gallon since summer started,” American manufacturing “roaring back,” etc. None of this is by accident, of course! Instead, as Rep. Don Beyer (D-VA08), Chairman of the Joint Economic Committee, explains: “The strength and speed of this recovery is the result of strong leadership and good economic policy that put workers and families first.” By Democrats, of course, whose economic performance historically has been far, far stronger than by Republicans…just check out the numbers, below; it’s amazing!

 

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