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Under Democratic Leadership, The Economy is Back on Track

Dec 5, 2014
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CNN: 2014 Is Best Year for Job Gains Since 1999

NY Times: These Are the Best Jobs Numbers in Months, Maybe Years

 Financial Times: US heads for best jobs growth year since 1999

 "The Recovery Is Zooming Along" "This Is the Big POP In Jobs We Have Been Waiting For" "Jobs On Jobs On Jobs"

 SIGNS ARE CLEAR: THE US ECONOMY IS BACK ON TRACK

 Longest Streak of Private Sector Job Creation on Record:

 "The private sector has added 10.9 million jobs over 57 straight months of job growth, extending the longest streak on record." [CEA, 12/5/14]

 Unemployment Rate Remains at Six Year Low:

 "The unemployment rate remained at a six-year low of 5.8 percent." [AP, 12/5/14]

 Hiring Rate at Highest Point Since 2007:

 "Employers hired workers in September at the strongest pace since the last recession began and more people quit their jobs than at any time in more than six years, showing Americans are gaining confidence that the labor market is improving. Some 5.03 million employees were added to staff, boosting the hiring rate to 3.6 percent and matching July's reading as the strongest since December 2007, the Labor Department reported today in Washington. Some 2.75 million people resigned in September, pushing the quits rate up to 2 percent, the highest since April 2008. ... The report also showed the number of positions waiting to be filled eased to 4.74 million, second only to August's 4.85 million as the highest since January 2001. " [Bloomberg, 11/13/14]

GDP Growth Outpaces Global Economy, Best Pace Since 2003:

 "The economy expanded at its fastest pace in more than a decade during the spring and summer, showing the U.S. has strengthened its economic footing despite increasing global uncertainty. Gross domestic product, the broadest measure of goods and services produced across the economy, grew at a seasonally adjusted annual rate of 3.9% in the third quarter, the Commerce Department said Tuesday. The upward revision from a first estimate of 3.5% put the combined growth rate in the second and third quarters at 4.25%, affirming the best six-month pace since the second half of 2003." [WSJ, 11/25/14]

 

 

By: DPCC