Fox “News” and the Republicans would tell you different, but facts are facts!
Tag: jobs
In his weekly address, President Obama spoke about the importance of educating and training today’s work force for the jobs of today and for the jobs of the future. Through his opportunity agenda, the President is focused on creating more jobs, educating more kids, and working to make sure hard work pays off with higher wages and better benefits.
The 1.4 million jobs added in the first half of this year are the most in any first half since 1999. Furthermore, this is the first time since September 1999-January 2000 we have seen total job growth above 200,000 for five straight months
Over the last 52 consecutive months, the private sector has added over 9.7 milliom jobs to the economy.
The recovery continues as the Bureau of Labor Statistics reports that 288,000 non-farm jobs were added to the economy in June, lowering the unemployment rate to 6.1%
The report states the jobs growth was widespread, especially in professional and business
services, retail trade, food services and drinking places, and health care.
More good news for America, some very bad news for Republicans. And its messed up that things are this way, but this is unfortunately the path Republicans have chosen – be against everything that’s good for the country.
Republicans have gone out of their way to show the world that they are against progress in this country. That’s why today’s unemployment numbers will make these America-hating Republicans upset!
The Labor Department reported today that the unemployment rate dropped to 6.3 percent, due to a better-than-expected employment numbers in April. The numbers show that employers added 288,000 workers to their payroll in April.
The 6.3 percent unemployment rate represents a 5 year low, and it also represents that this country is headed in the right direction. But don’t tell that to the Republicans. Right now, I’m sure they’re bunkered down, trying to figure out a way to spin these numbers negative.
Tune in to Fox News and listen to the Congressional Republicans to find out their latest negative talking point on this very positive employment news story.
The Bureau of Labor Statistics indicated Friday that the overall job situation improved somewhat during the past three months over what it had first reported. The BLS reported in its monthly job assessment that 192,000 new private jobs were created in March. Governments at all levels added no new jobs. The official unemployment rate—which BLS calls U3 and calculates in a separate survey—remained steady at 6.7 percent.
President Obama said he took action this week to launch new manufacturing hubs and expand a competition to fund transformative infrastructure projects. Both are policies aimed at expanding economic opportunity for all by creating jobs and ensuring the long-term strength of the American economy. Congress can boost this effort by passing a bipartisan proposal to create a nationwide network of high-tech manufacturing hubs and taking steps to invest in our nation’s infrastructure.
The third and final estimate of third quarter U.S. GDP by the Bureau of Economic Analysis is out.
GDP grew 4.1% at an annualized rate in the third quarter, according to the estimate. Economists predicted growth of 3.6%, in line with the second estimate published by the BEA earlier this month.
Personal consumption growth surged to 2.0% from the previous 1.4% estimate.
The GDP price index came in at 2.0%, as expected, while core PCE was 1.4%, slightly below the previous 1.5% estimate.
A buildup in inventories contributed 1.7% to GDP growth in Q3, unchanged from the previous estimate (private businesses increased inventories $115.7 billion in the third quarter, following increases of $56.6 billion in the second quarter and $42.2 billion in the first.)
President Obama used this weeks weekly address to discuss his recent meetings with Republicans at the White House. The President urged Congress to pass a budget, and allow Americans to get back to work.
Over the past few days, I’ve met with Republicans and Democrats from both houses of Congress in an effort to reopen your government and remove the dangers of default from our economy.
It’s a positive development that House Republicans have agreed on the need to avoid the economic consequences of not meeting our country’s commitments. Because once the debt ceiling is raised, and the shutdown is over, there’s a lot we can accomplish together.
We’ve created seven and a half million new jobs in the past three and a half years. Now let’s create more. We’ve cut our deficits in half over the past four years. Now let’s do it in a smarter, balanced way that lets us afford to invest in the things we need to grow.
The truth is, there’s a lot we can agree on. But one thing we have to agree on is that there is no good reason anyone should keep suffering through this shutdown. I met with some really innovative small business owners on Friday who’ve already lost contracts, lost customers, and put hiring on hold – because the pain of this Republican shutdown has trickled down to their bottom lines. It’s hurting the very citizens that our government exists to serve. That’s why a growing number of reasonable Republicans say it should end now.
President Obama lays out his plan for the middle class and tells the American people that securing a better middle class builds on the progress we’ve made so far, fighting our way back from the worst economic recession of our lifetimes.
Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes and begun to lay a foundation for stronger, more durable economic growth. Today, our businesses have created 7.3 million new jobs over the last 41 months. We now sell more products made in America to the rest of the world than ever before. Health care costs are growing at the slowest rate in 50 years, and our deficits are falling at the fastest rate in 60 years.
But as any middle-class family will tell you, we’re not where we need to be yet. Even before the crisis hit, we were living through a decade where a few at the top were doing better and better, while most families were working harder and harder just to get by.
After leading Republicans swiftly rejected President Barack Obama’s new “grand bargain” proposal, which would lower corporate tax rates in exchange for more spending on infrastructure, the president responded Tuesday by calling for a substantive counter-offer.
“I am laying out my ideas to give the middle class a better shot in a 21st-century economy,” Obama said in a speech on the economy in Chattenooga, Tennessee. “Now it’s time for Republicans to lay out theirs.
“Putting all your eggs in the basket of an oil pipeline that may only create about 50 permanent jobs, and wasting the country’s time by taking something like 40 meaningless votes to repeal Obamacare isn’t a jobs plan,” he added.