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Politics unemployment rate

More Jobs Created, Unemployment rate at 5.4% – Republicans, they Mad

A new jobs report for April and more evidence that the policies of president Obama are working.

As per this new report, there have been over 12.3 million private sector jobs added to the economy since this president took office, and April marked the 62nd straight month of positive jobs growth, adding 223,000 jobs. And the unemployment rate is reflecting all this positive growth, falling to 5.4% – the lowest since May of 2008.

Republicans can’t be too happy. They have sat on their hands for Obama’s entire presidency, hoping to make his presidency fail. But give them time, they’ll figure out a way to see this positive information as negative.

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Politics

U.S Economy has Strongest Growth in Over a Decade

The U.S. economy posted its strongest growth in more than a decade during the third quarter, supported by robust consumer spending and business investment, the Wall Street Journal reports.

Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 5.0% in the third quarter, theCommerce Department said Tuesday. That was up from the second quarter’s growth rate of 4.6% and the strongest pace since the third quarter of 2003.

The agency last month had estimated third-quarter GDP growth at 3.9%. Economists surveyed by The Wall Street Journal had expected a smaller upward revision, to 4.3% growth.

Tuesday’s report upgraded estimates for fixed nonresidential investment, a proxy for business spending, and personal spending, especially on services like health care.

Categories
Politics unemployment rate

Unemployment Rate Falls Again, More Jobs Growth in October

Another month, more Americans find work and the economy gets stronger. But Democrats stayed silent, refusing to talk about the improving economy and record jobs creation during the midterm campaign season,  allowing Republicans to push their narrative that the “economy is falling apart.” And that narrative is what voters believed when they gave Republicans the Congress on Tuesday.

The U.S. created 214,000 jobs in October, nudging the unemployment rate down a notch to 5.8%, as many companies added workers to gear up for the holiday season. The economy has now added 200,000 workers or more for nine straight months, a feat last accomplished in 1994. Economists polled by MarketWatch had expected a seasonally adjusted gain of 243,000 nonfarm jobs. So far in 2014 the U.S. has gained an average of 229,000 jobs a month, the fastest pace since 1999…

The labor-force participation rate, meanwhile, edged up to 62.8% from 62.7% as more people looked for work. Employment gains for September and August were revised up by a combined 31,000. The government said the 256,000 new jobs were created in September, up from a preliminary 248,000. August’s gain was raised to 203,000 from 180,000.

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