U.S. economy added 223,000 jobs in April, unemployment down to 5.4 percent | Arkansas Blog

Friday, May 8, 2015

U.S. economy added 223,000 jobs in April, unemployment down to 5.4 percent

Posted By on Fri, May 8, 2015 at 8:01 AM

The federal Bureau of Labor Statistics today released the latest jobs report and the news is, as expected, relatively good: the recovery continues apace. The economy added an estimated 223,000 jobs in April. The unemployment ticked down very slightly to 5.4 percent, the lowest it has been since spring of 2008. Wage growth and labor force participation also ticked up slightly. 

It marks the 62nd straight month of job growth, and in line with predictions from economists. 

Economist Justin Wolfer tweeted (lots more of micro-analysis at his twitter feed):

If the economy continues to produce jobs at this rate, the labor market will be back to normal sometime this year. The only question is when.

Net jobs gained under George W. Bush: 1.3 million. Under Barack Obama so far: 7.4 million. 

And that job-killing Obamacare? Via Dan Diamond of Forbes, since Obamacare was signed into the law, the private sector has only gained jobs:


screen_shot_2015-05-08_at_7.58.32_am.png



Tags: , , , , , ,

From the ArkTimes store

Favorite

Comments

Showing 1-1 of 1

Add a comment

 
Subscribe to this thread:
Showing 1-1 of 1

Add a comment

More by David Ramsey

Readers also liked…

  • Civil War over in Fort Smith; lawyer strikes his Rebel mascot battle tent

    KSFM reports that Joey McCutchen, the lawyer who's been trying to restart the Civil War in Fort Smith over the School Board's decision to drop the Rebel mascot and related trappingsfor Southside High School, is dropping his School Board takeover campaign.
    • May 27, 2016
  • Little Rock school activists announce events for 60th anniversary of Central High crisis

    The group is not affiliated with the official "Reflections of Progress" commemoration of the 60th anniversary. However, at least two of the Little Rock Nine may be joining the group for an event at 2:30 p.m. at the state Capitol in the Old Supreme Court Chamber.
    • Sep 14, 2017
  • The long and winding road: No exception yet for 30 Crossing

    The Arkansas highway department's representative on the Metroplan board of directors told the board today that the department is requesting an exception to the planning agency's cap on six lanes for its 30 Crossing project to widen Interstate 30 from six to 10 (and more) lanes.
    • Jun 29, 2016

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation