Thursday, May 10, 2012

April's Unemployment And Job Creation Numbers

The U.S. Labor Department announced the U.S. economy created 115,000 new net jobs in April and that unemployment fell to 8.1%, a decrease from the previous month.  The state governments continue to lose jobs with cuts mainly becuse of state revenue decline.

April's new job numbers was the 26th straight month of job growth for the economy and a positive sign of a continued recovery from the second great economic depression and record job losses of the previous administration.  Unemployment is getting close to the 7% range this writer predicted over a year ago while the so called experts were predicting a 9% unemployment rate through 2012.  Those so called experts who were predicting a 9% unemployment rate through 2012 thought there would be no job growth.  They were wrong on both counts.

Republican reaction to April's numbers were the usual negative sound bites that reflect their anti American ideology of wanting to see the President and the country fail.  They have no economic record to run on just ask George W. Bush.  President Obama needs to continue to do what ever is necessary to see that the economy continues to grow and create more jobs.  He understands the republicans will do nothing to help move the country and its people forward.