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The Biden Administration, losing ground by the day on the economy, got some better than expected news from the Labor Department.
The November jobs report shows that the economy added 199,000 jobs last month, higher than the expectations of 180,000.
The unemployment rate dropped down to 3.7% The labor participation rate is at 62.8%. And, there were no revisions upward to the October jobs report.
We are starting to see progress on the wage front as well, according to Biden critic and economist Steven Moore of the Heritage Foundation.
"We've seen wages running behind inflation. We're starting to see that reverse a little bit. We have a lot of ground to make up. The average family is still $2,500 poorer than when Trump left office," he said.
Fox Business anchor Maria Bartiromo says all eyes will now be on the Federal Reserve.
"It's such a strong report, that it may alter their view of cutting rates next year. We're expecting a pause at next week's meeting, but what happens after that?"