Jobs, market, health security looking up: What an Obamanation | Arkansas Blog

Thursday, July 3, 2014

Jobs, market, health security looking up: What an Obamanation

Posted By on Thu, Jul 3, 2014 at 10:02 AM

click to enlarge WHAT? ME WORRY? Ecomomy looking up for President Obama's final two years. - WIKIPEDIA
  • Wikipedia
  • WHAT? ME WORRY? Ecomomy looking up for President Obama's final two years.
The outlook is bright on latest employment numbers, which signal recovery. From

On Thursday, the Bureau of Labor Statistics reported that U.S. employers added 288,000 jobs in June and the unemployment rate fell to 6.1 percent, its lowest level since September 2008, the month Lehman Brothers’ bankruptcy sparked a global financial crisis. The U.S. has added 1.4 million jobs so far this year, making it the best half-year since the recession ended. Payrolls are up by 2.5 million over the past year, also the best mark of the recovery.

The June data is preliminary, and will be revised at least twice in the coming months. But for once, pretty much all the evidence in the report points in the same direction. The household survey — a separate government tally of employment based on a survey of individuals rather than businesses — showed equally strong job gains. Hiring was broadly distributed across industries, and average hourly wages were up six cents in June for the second month in a row. The share of the population that’s working, a measure known as the employment-population ratio, ticked up to 59 percent, its highest level since August 2009 (though still down significantly from its prerecession mark of nearly 63 percent).

The news was well-received in financial markets. Among other indexes, the Dow topped 17,000.

Interest rates seem likely to stay low.

An additional 6 million people — mostly working people and their children — have health insurance now thanks to the Affordable Care Act.

Damn that Obama. This is the kind of record you could expect from the worst U.S. president since Herbert Hoover.

Tags: , , , ,

Sign up for the Daily Update email

Comments (31)

Showing 1-31 of 31

Add a comment

Subscribe to this thread:
Showing 1-31 of 31

Add a comment

More by Max Brantley

  • The Mondo Trumpe open line

    A world of the dogs? Check out Trump's latest poll ratings.
    • Jul 22, 2018
  • University pay ranking puts UA System chief at 57

    The Chronicle of Higher Education recently released its survey of pay of top public and private university leaders in 2016-17. Donald Bobbitt, president of the University of Arkansas System, checked in at No. 57 on the list of 251 public university leaders.
    • Jul 22, 2018
  • Winds, race and an open line

    The open line includes power outages, Republicans and racism.
    • Jul 21, 2018
  • More »

Readers also liked…

  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017
  • Latest Obamacare repeal bill would hit Arkansas treasury hard

    The latest effort to undo Obamacare, the Graham-Cassidy legislation, would shift federal support for health coverage to a block grant system to the states. Bad news for Arkansas.
    • Sep 18, 2017
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation