The Patriot Post® · Jobs Report: Edge of Real Recovery?

Michael Strain of the American Enterprise Institute says there are two primary indicators that the U.S. economy has turned around and is finally climbing out of Obama’s hole: more Americans getting employment, and workers getting increased wages. Unfortunately, neither happened in the month of December, according to the December Jobs report from the Bureau of Labor Statistics. Oh sure, the headline numbers were good. About 252,000 people joined the workforce and the unemployment numbers declined by 0.2% to 5.6%. But the overall number of people who are in the cubicles, on the job sites, manning the shops, or dishing out the fast food once again declined in December by 0.2%. Now, only 62.7% of American adults are working. And the average wage has hovered at $24.57 an hour. American workers received an average six-cent wage boost in November, but in December, the average wage declined by five cents. The American economy is showing some signs of recovery but in many ways is still sputtering thanks to Obama’s policies. It may begin to take off, if Obama doesn’t suddenly decide now’s the time to put some water in the gas tank. More…