When all you read is gloom, turn here for a much different perspective.

Saturday, July 5, 2014

All Job Losses During The Great Recession Have Been Erased

It has been way too long since my last post.  Sorry folks!  But these numbers -- many just published by Factcheck.org -- are well worth passing on to everyone:

§  All job losses during the great recession have been erased.
§  In June the economy added 200,000+ jobs for the fifth month in a row -- 288,000 in June alone.  The five month streak is the longest since the late 1990s.
§  The Unemployment rate is now at 6.1% -- you may remember that the unemployment rate was at 10.1% at the height of the great recession.
§  Corporate profits and stock prices continue to set record highs.
§  The number of food-stamp recipients has retreated from the record high of 2012; fewer beneficiaries have been added under Obama than were added under George W. Bush.
§  Under Obama, federal spending has risen more slowly than the rate of inflation. 
§  Auto sales -- a consistently bright spot in the recovery -- heated up even more in June. They clocked in at 17 million at an annualized rate for the best month in eight years.
§  Gallup polling found that 45 percent of Americans were working full-time in June, one of the highest rates since the polling company began tracking the figure. 
§  The government data released Thursday mirrored those results, with the employment-to-population ratio rising to 59 percent, the highest level since 2009.


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