Thursday, July 3, 2014
Robust Job Growth in June
The Labor Department reported today that the economy added 288,000 new private sector jobs in June, well above expectations and providing another sign that the economy is well on the way to recovering. The added jobs mean that the unemployment rate fell to 6.1%, the lowest since September 2008, just before the crash that sent the economy into a deep recession.
We always like to pause and imagine how much swifter and better the recovery would have gone if the Rethuglicans in Congress hadn't blocked jobs bills, additional infrastructure funding and other measures proposed by President Obama over the past five years. Oh, and remember "Obamacare" is a job killer...