Posts Tagged ‘unemployment

08
Mar
15

12 Straight Months Of Job Gains Above 200,000; Not Seen Since 1977. Thanks, President Obama

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Jason Furman: The Employment Situation in February

1. The private sector has added 12.0 million jobs over 60 straight months of job growth, extending the longest streak on record. Today we learned that total nonfarm payroll employment rose by 295,000 in February, largely due to a 288,000 increase in private-sector employment. Although private-sector job gains in December and January were revised down, the private employment gains over the past twelve months total 3.2 million—the largest 12-month increase since 1998. 4. The last time the private sector added more than 12 million jobs over five years was April 1996 to March 2001. There are some notable differences between the current stretch of job gains and the one from 1996 to 2001.

In particular, the manufacturing sector has added 877,000 jobs over the last five years, while it lost 255,000 jobs during the 1996-2001 period. Moreover, the private-sector job gains during the 1996-2001 period coincided with the addition of more than 1.5 million State and local government positions; in contrast, over the last five years, State and local government employment has on net fallen by 423,000 jobs. The two periods did, however, exhibit remarkably similar job growth in sectors like health care and social assistance, retail trade, and transportation and warehousing. Finally, it is worth noting that the two periods took place at different stages of the business cycle—in 1996, the economy was well into a period of sustained expansion, but in 2010, it was just starting to recover from the worst crisis since the Great Depression. That is why despite the progress that has been made, the President believes more must still be done to capitalize on the recovery and strengthen the labor market.

More here

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Continue reading ’12 Straight Months Of Job Gains Above 200,000; Not Seen Since 1977. Thanks, President Obama’

06
Mar
15

A Tweet Or Two

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Some days, Twitter can be magic :)

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Continue reading ‘A Tweet Or Two’

06
Mar
15

An Improved Economy. Thanks, President Obama

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09
Nov
14

You Don’t Know What You’ve Got Until It’s Gone

Obama Facts

@RickStrandlof

03
Oct
14

Rise and Shine

On This Day: President Barack Obama, Vice President Joe Biden and Claire Duncan, daughter of Education Secretary Arne Duncan, watch a tennis match at Camp David, Md., Oct. 3, 2010. The President hosted cabinet members and their families for a Sunday gathering at the retreat (Photo by Pete Souza)

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Today (all times Eastern)

12:05: The President departs the White House

1:0: The First Lady appears on ABC’s ‘The Chew

2:0: The President arrives in Indiana

2:50: Tours Millennium Steel Service; Princeton, Indiana

3:05: Has a conversation with workers, Millennium Steel Service

5:25: Departs Indiana

7:15: Arrives White House

** The First Lady campaigns for Gov Martha Coakley in Boston and Gubernatorial Candidate Mike Michaud in Bangor today **

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New White House photos (and captions) here

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On This Day

Senator Barack Obama walks from his plane on October 3, 2008 after arriving in Philadelphia on his way to a rally in Abington, Pennsylvania

 A woman is overcome with emotion after meeting Senator Obama at a rally on October 3, 2008 in Abington, Pennsylvania

 Senator Barack Obama is photographed October 3, 2008 at the airport in Philadelphia before flying to Chicago

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President Obama congratulates Google Science Fair winners, from left, Naomi Shah, Shree Bose, and Lauren Hodge in the Oval Office, Oct. 3, 2011 (Photo by Pete Souza)

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First Lady Michelle Obama in Reno, October 3, 2012

First Lady Michelle Obama sits with White House Senior Advisor Valerie Jarrett before the Presidential Debate at the University of Denver on October 3, 2012

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 MoooOOOooorning!




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