The headlines in the New York Times this morning:
- U.S. Economy Added 321,000 Jobs in November; Unemployment Rate Is 5.8%: The gain was the largest monthly jump in payrolls in nearly three years, and average hourly earnings surged 0.4 percent, twice what analysts expected.
- More Jobs and Higher Wages: Recovery Starts to Hit Home: Employers added 321,000 jobs in November, echoing other positive economic data recently and far exceeding analysts’ expectations that payrolls would increase by 230,000.
- These Are the Best Jobs Numbers in Months, Maybe Years: The increase in jobs is good, but the hints that wages are starting to rise is even more so.
Even the reliably Republican Washington Post was forced to report the good news:
- Data put U.S. on track for best job growth in years: The economy added 321,000 jobs in Nov., according to government data, in a sign that the labor market is returning to pre-recession health.
- This is what a real recovery looks like: The economy added 321,000 jobs in November: It was good news all around as the economy added 321,000 jobs in November, 44,000 more in revisions, and workers even got small raises.
Despite the best efforts by Tea-Publican insurrectionists and economic terrorists in the Congress and statehouses to sabotage any economic recovery over the past six years to prevent President Obama from claiming victory in turning around an economy that these Tea-Publicans quite literally blew up with their failed economic policies and nearly destroyed our financial system and the world’s economy, resulting in the Bush Great Recession (actually a depression) just a few short years ago in 2008, the economic rescue policies enacted during Obama’s first two years in office under a Democratic Congress, and the tax increases on the two percent he negotiated after his reelection and the “fiscal cliff” hostage taking by the GOP in 2013 are working nonetheless.