Posted on 09/07/2013 8:12:26 AM PDT by Oldeconomybuyer
Over the last four years, we’ve cleared away the rubble from the financial crisis and begun to lay a new foundation for stronger, more durable economic growth. With continued solid job gains, today’s employment report is another sign of progress, but we must continue to pursue policies that move our economy forward and restore middle class security.
Five Key Points in Today’s Report from the Bureau of Labor Statistics:
1. Private sector employment has risen for 42 consecutive months, with businesses adding a total of 7.5 million jobs over that period.
2. The overall unemployment rate ticked down 0.1 percentage point to 7.3 percent, the lowest since December 2008, with long-term unemployment remaining elevated.
3. The economy has been consistently adding jobs at a pace of more than 2 million per year.
4. CEA estimates that if state and local government employment had held steady during the recovery, the unemployment rate would currently be below 7 percent.
5. The number of persons working part-time for involuntary “economic reasons” has fallen by 152,000 over the past twelve months.
(Excerpt) Read more at whitehouse.gov ...
Spinning liars.
“cleared away the rubble”
No, last time I checked, the liberals were still in charge.
This 'new' foundation is being built with decorative faux bricks - the structure is balsa wood.
Good thing I saw this came from the WH as 169000 new jobs for August is probably not enough to stay even, in other news, Canada hire 59000 jobs in August, = 590000 jobs in the USA
San Angelo has a very low unemployment rate. Every grocery and fast food place in town has “help wanted” signs and we have a shale oil boom just starting.
Oilfield wants experience, the entry level jobs are plenty, but minimum pay or close and NOBODY there will give anyone more than 30 hours a week, and they make no bones about it: Dread of Obamacare.
I lucked into a good driving job, but a lot of people I know are trying to juggle two low-pay jobs just to make it. Really great economic recovery. More new claims for unemployment last week than new jobs last month, and lowest work v population ratio in 35 years. Try taking that to the bank.
Over the last four years, we’ve cleared away the rubble from the financial crisis and begun to lay a new foundation for stronger, more durable economic growth.
A lie from the very beginning of the statement.
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