To recover from his exertions, he and his family then “ventured to the white-sand beach at Bellows Air Force Station, which is on the windward side of the island of Oahu and features turquoise water and a stunning view of the Mokulua Islands,” the Washington Post reported.
That tranquil scene augured the best year for U.S. employment growth since 1999. According to the Labor Department, the economy added more than 3.1 million jobs in 2014. The topline unemployment rate was 5.6% in December, down from 6.7% the prior December and the lowest rate since June 2008.
And here is the surprising major reason for the resurgence in employment: Congress spurned the President’s entreaties and let extended unemployment benefits expire. Continue reading