[ronald reagan]

ADP has the worst track record in existence. Its why they no longer swing the stock markets any longer. They just wait on the Friday report, rather than the ADP.

Today's report was amazing on every level. 4% wage growth. large drops in part time employment due to financial reasons. Uptick in labor participation rate. Huge private employer gains. Long term unemployment drop. Large upward revisions in prior months employment. Large drop in overall unemployment -- to just 5.4%. Lower than the 70 year, and 20 year averages.

so kudos to the economy today.

how much of this is due to biden's policies? Besides the covid stimulus several months ago -- not a lot. The vast majority of it is attributed to the fed reserve easy money policy, and reopening of the economy due to the vaccinations. However, don't look for next months reports to be as kind... especially with the virus raging as it is in most of the country.

However, I pray that the economy continues its resiliency. And I don't care who gets the credit for it. As long as it grows and people are able to find work, dignity, and security. It doesn't matter to me, one bit.. who makes it happens.