From The People's View:
This morning, the Labor Department released the employment figures for June, and the jobs numbers blasted through market predictions. June saw an addition of 288,000 jobs, compared to the 215,000 predicted by analysts. The unemployment rate fell to 6.1%, the lowest since before the beginning of the Bush economic collapse in September of 2008 - that's a 1.4 percentage point drop in the last 12 months, the sharpest decline in nearly 30 years.http://www.thepeoplesview.net/...
The economy under President Obama's leadership - and despite the Great Wall of Republican obstructionism - is not only showing signs of completing recovery from the worst economic calamity in American history save for the Great Depression, it is now showing signs of coming back to the life it had before the previous administration began to mess with it.
June marks 52 straight months of private sector job growth, the longest ever on record, beating out Bill Clinton's record of 51 continuous months of private sector job growth from February 1996 to April 2000. The economy has added more than 200,000 jobs for five months in a row now, the longest such streak since 1999. In the first half of this year alone the economy has added 1.4 million jobs, another accomplishment not seen since 1999.
No surprise, really, that the #2 spot goes to another Democratic president, Bill Clinton.
Obviously, things aren't all peachy in jobsville - still millions out of work. But considering the crater Dumbya left for President Obama, and the ceaseless obstruction from Congressional Goposaurs, 52 weeks of growth is no small feat. Also, not something we're likely to hear much about in the mainstream media.
Meteor Blades has more on the June numbers here:
Happy Fourth of July to all! :)