There was a ton of good news in the job report that was released last week.
Total nonfarm payroll employment rose by 257,000 in January, and the unemployment rate
was little changed at 5.7 percent, the U.S. Bureau of Labor Statistics reported today.
Job gains occurred in retail trade, construction, health care, financial activities,
The economy continues to slowly but surely add more and more jobs. I wish we could have done this sooner and quicker but we have a Congress that doesn’t want to do anything that would help the average American worker. Can you spell – STIMULUS? An additional stimulus would have avoided the pain that millions of Americans felt because they were out of work for months or years.
|Term||Private Sector Jobs Added (000s)|
|GW Bush 1||-844|
|GW Bush 2||381|
|Obama 2||5,5421 (124 months into 2nd term: 11,084 pace.)|
|Read more at http://www.calculatedriskblog.com/2015/02/public-and-private-sector-payroll-jobs.html#zK1jpdLecMH5Db00.99|
Let’s let this last table sink in for a while. With all of the bad-mouthing of Obama he is on pace to have created more jobs during his last 4 years in office than any other president over the last 35 years. This includes Reagan.