How the economy can be so strong when you feel like it stinks
CNN
There is a Covid economy contradiction. Pandemic exhaustion and higher prices are overshadowing a roaring economy.
The economy surged ahead in 2021 at the fastest pace since Ronald Reagan was in the White House. The jobless rate in December fell to 3.9%, a level historically considered nearing full employment. Wages are growing the fastest in years, especially for low-wage workers.
The Fed boss, Jerome Powell, this week called the labor market "tremendously strong" and said he expected it to stay that way. For the first time in memory, workers have the upper hand in the jobs market. Another 4.5 million workers quit their jobs in November, many in pursuit of better jobs and better pay.
President Joe Biden asserted Friday that Hamas has been degraded to a point where it can no longer carry out the type of attack that launched the current 8-month conflict in Gaza, laying out a three-phase proposal Israel has submitted to wind down the grinding crisis as he declared, “It’s time for this war to end.