One reason that the media has doubled, tripled and quadrupled down on identity politics, and pulled out all the stops in the politics of personal destruction, is that it just has nothing to work with when it comes to the economy.
If it did, it would be talking turkey. But instead it’s throwing a fit.
The numbers are good. Too good.
Job growth blew past expectations in October and year-over-year wage gains jumped past 3 percent for the first time since the Great Recession, the Labor Department reported Friday.
Nonfarm payrolls powered up by 250,000 for the month, well ahead of Refinitiv estimates of 190,000. The unemployment rate stayed at 3.7 percent, the lowest since December 1969.
The ranks of the employed rose to a fresh record 156.6 million and the employment-to-population ratio increased to 60.6 percent, the highest level since December 2008, according to the department’s household survey. That headline jobless number stayed level even amid a two-tenths of a percentage point rise in the labor force participation rate to 62.9 percent.
Read the full story from Front Page Mag
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