New York (CNNMoney) - The job market made some headway last month, as hiring continued at a pace that beat expectations.
The economy added 195,000 new jobs in June, the Labor Department reported Friday, the same as the hiring pace in May, which was revised higher. Meanwhile, the unemployment rate remained unchanged at 7.6%.
"Economists say that level of job growth barely keeps pace with the rising population, and is a far cry from the 250,000 jobs a month created during the boom times of the mid 1990s."
Barely or not, it's keeping pace, innit? Also: these aren't boom times, obviously, so these numbers - far cry or not from a cherry-picked year or two from the Clintonian Golden Age - can only be considered impressive.
The mid-90s (which specific years, I wonder?) were an unusual time, as a tech-boom inaugurated by a nascent Internet industry led to many jobs that proved to be unsustainable in just a 5-year period. Many of those boom jobs were going away before Clinton even left office.
Right-wing history is wrong. And when your history is wrong, you make wrong analyses of the present.
The remarkable truth is Republicans, that America is recovering from your recession without your help. The sad thing is that not only has the Congressional GOP failed to pass one single bill to improve the economy or make jobs for Americans, but worse, they have instead allowed their sick fascination with sex and procreation lead them to endless anti-birth control, or anti-abortion bills that no one but the GOP's very radical base want.
This means as the economic recovery and the betterment of America goes, the GOP hasn't just been useless, it has been worse than useless. We're doing it without you altogether.
Despite your efforts to limit the voting rights of millions of Americans, you should be very scared of the next election cycle.
Another thought: why aren't we comparing Obama's performance to his immediate predecessor's? Instead, we're going back almost 20 years for a "boom time" under Clinton?
So: let's compare George Bush's June in 2005, the June after he was elected a second time. From the Bureau of Labor Statistics:
"Total nonfarm payroll employment rose by 146,000 in June" Hm. And Mr. Bush wasn't encumbered with trying to dig out of the worst economic disaster since the Great Depression (one that his policies helped create). Personally, I'd say that "level of job growth barely keeps pace with the rising population, and is a far cry from the 250,000 jobs a month created during the boom times of the mid 1990s."
Ding ding ding! We have a winner ... OBAMA.
Just imagine how much further we would be if the right wing terrorists in the Congress sole objective was not to make this President fail.
The center to left will prevail again & again in the future for elections here in this country. The GOP has truly buried it's self in such a way there's No way they can come back for at lest the next 2 Presidential Elections period. Thoese are the FACTS!
President Obama deserves a credit. Since 2009 when he came in, he made sure to put the economy up-right, though slowly but sure things are improving. Who can forget the 2008 economic meltdown? Never again put republicans in power. Sorry to say so, they have no clue at all how to handle the economy of the country.
Lets not leave out the FACT that April and May's jobs numbers were revised in an upward trend. We could be doing a lot better if out weren't for republican obstruction.
It is good that jobs are picking up somewhat. Didn't read the article so just where those jobs are coming from may tell more. There have been imporvements in the job's market and then reversals so don't count your chickens before they hatch. I always find it amusing when people vote against themselves expecting big things from the very people they detest. The last fisaco was the Housing Mess where people took out morgages they couldn't afford.
The Automobile Unions voted themselves big pay raises. They finally went bust. Obama ants to tax the job creators out of business. Business laid off workers or moved offshore. Obama Care was supposed to fix the health problem. Now it has been delayed. I suspect it will just fade out in time.
As much as some of you like to blame the Republicians they didn't cause the problems. It was the inmates. As stated, don't count your chickens, before they hatch.
Indeed. the strange part of the way this one is reported is that at no time did the previous President's jobs figures beat Mr. Obama's- ignoring the period where the economy was still in free-fall. From 2001-2007, Bush's administration created fewer jobs than Mr. Obama's in the last 40 months.
Republicans still derisively talk about the jobs situation as if they had no hand in the hundreds of thousands of jobs lost in the last quarter of 2008, and the first quarter of 2009. It is time to see that the GOP is no longer merely some chummy "loyal opposition", rather they are an internal enemy working against the best interests of the American people. Their endless sour grapes heard yesterday during the 237th celebration of the birth of our union show them to be little more than treasonous currs.
It is good that jobs are picking up somewhat.
And isn't it just as amazing that the Right, and the GOP have done nothing to make that happen? Speaking of voting, why would anyone vote for the GOP? Their policies work against every sector of society (but the 1%), and they have done nothing to help the economy. Talk about voting against one's best interests.
Agreed all the way. The media is holding Obama up to some ridiculous standard to match - i.e., an unusual boom-time period from 20 years ago. Why not compare his performance to FDR's wartime era, when every woman and child (and 4-F men) were working in factories spit-shining bombs? A little hyperbole there, but you get the point. As usual, the media cherry-picks bit of data to feed a preferred premise.
The Automobile Unions voted themselves big pay raises. They finally went bust.
Sure unlike the average CEO whose compensation has soared to over 234 times that of their lowest paid workers in the last 20 years- all the while cutting full-time employment and benefits. Greed, my friend is all that drives corporate America, and despite the movie, "greed isn't good"- for corporations, workers, or the economy. People like you need to figure out America will never thrive if the working class has no disposable income.