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U.S. economy adds 223,000 jobs; Unemployment rate drops to 5.4%

Anomalism

Anomalism

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Good news: U.S. economy adds 223,000 jobs - May. 8, 2015

The U.S. added 223,000 jobs in April, a healthy pick up after a disappointing March and about in line with what economists surveyed by CNNMoney projected. April's strong job gains reflect a trend the country saw last year: job growth cooling in the winter months, then gaining momentum into the spring. "They are good numbers," says Kate Warne, investment strategist at Edward Jones. "It's reassuring that we saw job growth rebound to above 200,000."

The good news doesn't stop there. The unemployment rate dropped to 5.4%, its lowest mark since May 2008. This is likely to be helpful to Democratic presidential candidate Hillary Clinton. Many believe she needs the economy to keep growing until Election Day in order for her to win the presidency. Wall Street was very happy with the report. The Dow is soaring over 250 points (nearly 1.5%) in Friday trading, and the yield on the 10-year government bond fell substantially as investors cease worrying so much about a slowdown.
 
anomalism said:
good news: U.s. Economy adds 223,000 jobs - may. 8, 2015

the u.s. Added 223,000 jobs in april, a healthy pick up after a disappointing march and about in line with what economists surveyed by cnnmoney projected. April's strong job gains reflect a trend the country saw last year: Job growth cooling in the winter months, then gaining momentum into the spring. "they are good numbers," says kate warne, investment strategist at edward jones. "it's reassuring that we saw job growth rebound to above 200,000."

the good news doesn't stop there. The unemployment rate dropped to 5.4%, its lowest mark since may 2008. This is likely to be helpful to democratic presidential candidate hillary clinton. Many believe she needs the economy to keep growing until election day in order for her to win the presidency. Wall street was very happy with the report. The dow is soaring over 250 points (nearly 1.5%) in friday trading, and the yield on the 10-year government bond fell substantially as investors cease worrying so much about a slowdown.
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this is proof positive that obama's destroying the economy!!!!!!
 
Glen Contrarian said:
this is proof positive that obama's destroying the economy!!!!!!
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While it is fun for political purposes to point blame or assign credit for the health of the US economy to a sitting president, the truth is, presidents are virtually powerless to impact an economy as massive and complex as the US economy. So no, Obama didn't destroy the economy, nor did he save it. His last significant economic action was the stimulus of 2009. Since then there has been nothing but gridlock. So in a way, you could say that government INaction might be the real cause of the economic recovery.
 
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