Hey kids, guess what time it is! It’s job creation time! Which means it’s time to bring back that sexy economic data source, the Bikini Graph! That sound you hear is the GOP demanding President Obama’s impeachment for allowing this to happen on his watch. JobsGhazi!!!!
As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. Me oh my, look at all that blue!
Via Steve Benen at The Maddow Blog, here’s the latest on the new report from Bureau of Labor Statistics, including how the U.S. economy added 280,000 jobs in May. The overall unemployment rate ticked up to 5.5%– because more people started actively looking for work– but still “remains at a seven-year low.” Via the New York Times:
Higher hourly wages, which rose 0.3 percent last month, may have helped lure back some sidelined workers while providing those already on the job with some long-awaited gains.
“Where are the jobs?” the GOP asks. Why, right here, you obstructionists, in spite of your efforts to stifle Democratic jobs bills galore.
All told, the U.S. has added 3.06 million jobs over the last 12 months. May was the 56th consecutive month of positive job growth – the best stretch since 1939 – and the 63rd consecutive month in which we’ve seen private-sector job growth, which is the longest on record.
Bonus Benen quote:
Jobs reports like these suggest