The Bureau of Labor Statistics released it’s monthly jobs report this morning. The numbers show that the employment situation in the country as a whole is getting better. The Unemployment rate has dropped to 7.7%, the lowest level in four years.
U.S. employment grew solidly last month, continuing a strengthening trend in the nation’s job market seen in the second half of 2011. I can’t wait to see how the GOP presidential candidates will try to spin this as a failure on the part of Democrats and President Obama.
The Bureau of Labor Statistics today released the monthly employment report and things are looking up. The unemployment rate fell by 0.4 percentage point to 8.6 percent in November, and nonfarm payroll employment rose by 120,000…
As we are witness to the Presidential Beauty Pagaent and the complacent media before us, the World has continued to implode and change before our very eyes. What has happened in the Middle East is nothing short of remarkable. It has been a grass-roots effort that prompted many to rethink long-standing beliefs. It is startling to see someone like Hosni Mubarak who up to five months ago could do no wrong is now confined to a Cairo Military Hospital under virtual arrest for corruption. Beyond the World, though, there are the continued challenges at home.
“Today’s report is good news for Orange County families, and I am happy to hear the economy is improving and our country is continuing on a positive path toward recovery. I will continue to work with my colleagues in Congress in the coming months to support policies that strengthen our economy and create jobs, especially as we consider the 2012 federal budget.”
The January 2011 Jobs Report was released on Friday indicating that the unemployment rate dropped down to 9 percent, which is four-tenths of a percent less than last month and the lowest level since April 2009. In addition, the economy added 36,000 private sector jobs.
With President Obama visiting troops in Afghanistan, Vice President Biden delivered this week’s address, in which he said Congress must extend both the middle class tax cuts and unemployment insurance this year. The combined economic blow of raising taxes on the middle class and cutting two million Americans off of unemployment insurance would wind up costing the country hundreds of thousands of jobs. And, to say that during these challenging times, we cannot afford to provide a lifeline to millions of Americans, but we can afford to give tax cuts to the wealthiest two percent is not just bad economic policy, it is also wrong.
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