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Employers added 223,000 jobs to the economy in April bringing unemployment rate down to 5.4% – the lowest in 7 years.
Of those jobs, 213,000 were in professional and business services, health care and construction. Last month, professional and business services added 62,000 jobs, while healthcare and construction each added 45,000.
The stock market roared on the news with the Dow Jones industrial average up about 255 points, or 1.4%, in mid-morning trading.
The U.S. economy added 126,000 jobs in March, as the unemployment rate holds at 5.5 percent, the Bureau of Labor Statistics reported Friday.
The U.S. economy added 295,000 jobs in February, as the unemployment rate fell to 5.5 percent, the Bureau of Labor Statistics reported Friday.
Jobs report is out today for January 2015:
• 267,000 private sector jobs added to the economy, marking 59 straight months of positive job growth in the US
• With the January numbers, 11.8 million jobs have been added to our economy
• The unemployment rate inched up from 5.6 to 5.7% as more people re-entered the job arena.
• The US economy has seen 200,000+ jobs added each of the past 12 months – a scenario not seen since 1994-95
• Average hourly wages rose to $24.75
• Economists see nothing on the horizon which would precipitate a slow-down in hiring
Unemployment Dips To 5.6 Percent As Economy Adds 252K Jobs http://t.co/Q5aqXqVcDw
— NPR News (@nprnews) January 9, 2015
From NPR:
The U.S. economy added 252,000 jobs in December, capping a 12-month stretch of job growth unmatched since 1999, according to the Labor Department. In a separate survey, the department says that the unemployment rate dipped to 5.6 percent from 5.8 percent the previous month.
The department’s Bureau of Labor Statistics reports that job gains occurred in professional and business services, construction, food and drinking establishments, health care and manufacturing.
NPR’s John Ydstie, reporting on Morning Edition ahead of this morning’s announcement, says that it’s been 15 years since job growth was so strong.
“[You] have to go all the way back to 1999, when companies were rapidly hiring IT workers to deal with the Y2K threat to computer systems. That year the economy added about 3.2 million new jobs,” John says.
The number of jobs created in October and November was also revised upward by 50,000 for the two months combined, according to BLS.
The private sector has added 10.9 million jobs over 57 straight months of job growth, extending the longest streak on record.
In the month of November, total nonfarm payroll employment rose by 321,000 in November, mainly reflecting a 314,000 increase in private employment—the third strongest month for private payrolls over the past 57 months. This puts the US on pace to be the strongest year for hiring since 1999.
Also, private-sector job growth was revised up for September and October by a combined 32,000, so that over the past three months, private-sector job growth has averaged 266,000 per month.
Private employment has risen by at least 200,000 for ten consecutive months, the first time that has happened since the 1990s.
In addition, the average workweek in the private sector rose to 34.6 hours in November, the highest since 2008.
Remember all this when Obama haters tell you “He made everything worse.”
THE LONGEST STREAK OF POSITIVE JOB GROWTH IN THE US ON RECORD.
The US economy added 214,000 jobs in October, and the unemployment rate edged down to 5.8 percent, the U.S. Bureau of Labor Statistics reported today.
Unemployment numbers for August were revised from +180,000 to +203,000, and the change for September was revised from +248,000 to +256,000.
What Democrats have to address is their messaging to the country. There’s clear cognitive dissonance afoot when unemployment drops from almost 10% to 5.8% and you have folks saying “Everything’s gotten worse” when clearly it hasn’t.
The September jobs report is out, and for the first time since July 2008, the unemployment rate has dropped below 6%.
With 248,000 new jobs added to the economy (analysts had predicted 215,000), the US unemployment rate drops to 5.9%.
Thus far, in 2014, 2.6 million jobs have been created and the trend continues to accelerate.
The private sector has added 10.3 million jobs over 55 straight months of job growth.
With corporations reaping record profits, I keep asking: Where are the jobs?
You can’t say companies don’t have enough money to hire. They have RECORD PROFITS!
Why are CEOs salaries exploding at an exponential rate but middle class income remains stagnant?
Where. Are. The. Jobs?
See those red lines? That represents the last year of President George W. Bush’s presidency.
Red is bad.
See all those blue lines above the zero mark? All 54 of them? 54 consecutive months of positive private sector job growth. Those are after President Obama’s policies took effect.
Blue is good.
Any questions?