America’s lower-income workers have posted the biggest job gains since the deep 2007-09 recession — but few are bragging.
U.S. banks are ending the year with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They’re helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.
America’s population is now increasing a bit faster thanks to an improving economy, but not enough to lift growth above its lowest level since the Great Depression.
Slowly but surely the economy is picking up steam. Today’s job numbers are another data point that Barack Obama and Democrats have put the country on a path to recovery from the economic carnage of the Bush Administration.
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