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Showing blog posts tagged with jobless

The Economy Adds 227,000 Jobs in January, and Unemployment Little Changed at 4.8%

The Economy Adds 227,000 Jobs in January, and Unemployment Little Changed at 4.8%

The U.S. economy added 227,000 jobs in January in the last employment report of the the Barack Obama administration. Unemployment was little changed at 4.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics. President Donald Trump is inheriting a relatively strong economy based on years of work that Barack Obama and his administration did to bring us out of the horrible recession brought on, in part, because of George W. Bush-era deregulation and weak enforcement. Obama inherited a failing economy, with 589,000 jobs lost in January 2009 and an unemployment rate in February 2009 of 7.6%. Trump, on the other hand, is inheriting a much stronger jobs market, with 227,000 jobs added in January 2017 and an unemploymet rate of 4.8%. Trump's challenge is to continue the pattern of job growth and rising wages. The administration needs to create policies benefiting working people so the recovery continues.

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More Jobs, Flat Wages: Trade and the Trade Deficit Continue to Hurt Us

April’s employment report showed a gain of 223,000 jobs and a further one-tenth percent decline in the unemployment rate to 5.4%. The good news is the report shows the economy continues to nudge forward and create jobs for newcomers into the labor force. The bad news is the economy is not growing fast enough to raise wages.

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BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

BLS June Jobs Report Shows Increase of 288,000 Jobs, Marking Lowest Unemployment Rate Since 2008

The economy added 288,000 jobs in June, up from 217,000 in May, and the unemployment rate was 6.1%, a dip from last month’s 6.3%, according to figures released this morning by the U.S. Bureau of Labor Statistics. This marks the lowest unemployment rate since 2008 and the best five-month stretch of job growth since the early 1990s. 

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