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.