Friday, June 6, 2014

Mr.Boehner, here are the Jobs

++The economy added 217,000 jobs in May and all economic analysts agree this a very solid jobs report, which met their expectations. 

++With this report,the jobs lost in the Great Recession have been restored.  After the 1980 recession, it took 44 months to regain the jobs. After 2008, it has taken 77 months, indicating how serious the "recession" was. Yes, the population has increased so unemployment still is at 6.3%. But again, if we had the Infrastructure Bank and the jobs bill,we would be at full employment.

++This month marked four straight months of 200,000 job growth, which is the first time since 1999. We are on track,according to analysts, for the best year in job creation since 1999. 

++To give you a comparison,in the last economic expansion monthly job growth only averaged 184,000 a month.

++What would be weird is to see the Dow hit 17,000--whether today or Monday. That would mean it would be almost 10,000 above the last days on W.

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