ALFREDO ORTIZ: America’s Labor Market Turning A Corner Led By Main Street And GOP Policies

Friday’s jobs report shows the American labor market is turning a corner. The unemployment rate fell to 4.4%, and average wages grew 40% faster than inflation. Rising real wages are a stark contrast to the Biden administration, where 25% inflation caused an affordability crisis that President Donald Trump and Republicans are digging us out from.

The report also showed that unproductive government jobs have fallen by nearly 300,000 over the past year, reducing a significant drag on the real economy. The number of discouraged workers declined by almost 200,000 last month, and the number of Americans quitting their jobs increased significantly, indicating that workers are increasingly confident they can find a job.

Topline job creation remains mediocre, but hires are a lagging economic indicator. In fact, the labor market is far stronger than this headline number suggests.

Recent economic growth smashed expectations, with GDP rising by more than 4% in the most recent quarter. The Atlanta Fed’s 

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