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Tampilkan postingan dengan label economy. Tampilkan semua postingan

Jumat, 09 Maret 2012

Jobs report shows 227,000 jobs created in February; Republicans say situation is not improving

Click to enlarge

From the Republican National Committee on the February unemployment report:

"Today's jobs report is yet another reminder that far too many Americans are out of work, and the situation is clearly not improving. Millions of families continue to feel the pain of the sluggish Obama economy and the rising cost of gas, groceries, and healthcare. They are still waiting on President Obama to keep his promise of an economic recovery," said RNC Chairman Reince Priebus.

Now - maybe they hit "send" too quick on this one.

The jobs report today actually showed that the economy created 227,000 jobs in February.

In addition to the number of jobs created in February, the report showed an upward revision of 61,000 jobs created in December and January.

Additionally, there was a 92,000 drop in the number of people unemployed for over 27 weeks, coupled with the entrance of over 476,000 into the labor force — a sign of confidence in the economy.

Certainly we all want to see the economy improve faster but how do you say "the situation is clearly not improving" when it clearly is...?

Selasa, 06 Maret 2012

New Jersey: Marriage equality could pump $119 million into economy


A new study from the Williams Institute finds that New Jersey could generate as much as $119 million in just the first three years of marriage equality, including as much as $8 million in pure tax revenue.

By vetoing the legislation, Gov. Chris Christie (R) deprived his entire state of that economic benefit, but the legislature has until the end of 2013 to overturn that veto.
(source)

Kamis, 09 Februari 2012

Simple chart showing decline in Initial Jobless Claims



This chart tracks the four-week moving average of initial jobless claims, beginning in January of 2008, the last year of President Bush's administration.  Note the dramatic climb during 2008.

President Obama took office January 9, 2009.  Note the decline in initial jobless claims once he took office.

While the economy isn't booming, it's a clear illustration that the labor market has, on President Obama's watch, been healing.