Friday, July 8, 2016

Strong Jobs Report


Some good news on a dark day:
... The Bureau of Labor Statistics reported this morning that the U.S. economy added 287,000 jobs in June, making it the strongest month for job creation so far this year and the best overall since October 2015. The unemployment rate ticked higher to 4.9%, but that's not necessarily bad news: more people entered the job market last month, which affects the broader rate. 
For the first time in over eight years, we've been at or below 5% unemployment for nine consecutive months. What's more, the dramatic rebound from May to June represents the largest one-month shift in employment since before the recession began. (our emphasis)
 Thanks a lot, Obama.