Well, we have yet another jobs report that has surpassed expectations. This time we are talking

about the December of 2023 numbers, CNBC reports. Private payrolls added 164,000 new jobs in December, beating expectations per ADP.

You may recall that the number of new jobs in November was 101,000, so about 60% more, and the estimate, the

expectation for December was 130,000, so about 34,000 more jobs than expected, a leisure and hospitality jobs led the way with

59,000 jobs.

We also saw the pace of earnings growth decelerate with those staying in their jobs seeing

annual pay increases of 5.4 percent.

It is natural that as inflation comes down, wage growth would also tick down slightly.

This is continued good news and we have an economy that is not perfect.

Is there a perfect economy? not that I can think of

but we have an economy that much like Tim Miller told us on yesterday's program

it's good enough that you would usually see a president get reelected.

However, and this is really the downside, this is the liability, this is the limitation, and Tim

Miller talked to us about this yesterday.

The Biden administration is not doing the best job at communicating the status of the

economy. The Biden administration is in a fortunate position where they don't have to exaggerate how well the economy is doing.

They just have to communicate it accurately.

I don't think they're doing it.

Part of it is because Republicans Republicans no matter what the numbers

are insist the economy is terrible. Trump's predicting there will be a recession once

again a stock market will crash. He predicted that in 2020 we've got a record high stock market. So this is a good

number. It's one of the five or six different metrics that we look at job creation, inflation,

...