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New jobs report shows strong job creation and lower unemployment rate

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The U.S. Department of Labor’s Bureau of Labor Statistics released its April jobs report today, indicating that 288,000 new jobs were created and the unemployment rate fell from 6.7% to 6.3%. That is the lowest unemployment rate since September 2008, and brings the total number of private sector jobs created under President Obama thus far to more than 9 million. According to the report, the April unemployment rate declined for a variety of groups, including adult men and women, teenagers, whites, blacks and Hispanics. It was also the third month in a row where the U.S. economy created over 200,000 jobs. The report indicated that employment gains were led by professional and business services, retail trade, food services and drinking places, and construction. The Associated Press additionally noted that:

April’s robust hiring gains suggested that the economy is returning to the solid pace of growth it achieved in the second half of 2013, before it was hammered by a harsh winter.

Possible Effect on 2014 Elections

In comparing records in advance of the 2014 Congressional elections, Republicans and Democrats may have sharply different stories to tell. The GOP has spent much of the past few years blocking Democratic initiatives such as an increase in the federal minimum wage, the American Jobs Act and immigration reform, as well as holding over 50 symbolic votes in the House of Representatives to repeal the Affordable Care Act, which has enrolled over 8 million Americans with healthcare insurance in the law's new healthcare exchanges thus far. Moreover, in contrast to today’s jobs report, during President George W. Bush’s term in office, the private sector lost approximately 665,000 jobs, and in Bush’s last months in office, the U.S. economy lost upwards of 800,000 jobs per month.

© 2014 Matthew Emmer -- All Rights Reserved

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