Keep it Quiet, but Our Economy Continues to Improve

 

As quiet as it's kept, the U. S. economy continues to improve and unemployment ticks downward.

Reports, posted for July, show six straight months of job growth with gains of over 200,000 jobs in each month. The average job gains over the past 6 months reached 244,000 in July, the best average in 8 years.

Unemployment was at 6.2 per cent in July and 6.1 per cent in June. The unemployment rate for African Americans continues to exceed the national rate. African Americans' rate of unemployment  rose to 11.4 per cent in July from 10.7 percent in June. No relief for these Americans on the horizon.

Fortunately,the data continues to show that the nation's economy is moving in the right direction. Consumer spending is up and incomes gains also picked up. American confidence in the economy is the highest in nearly 7 years. All of this is good news for the country after the difficult climb from the financial pitfalls of the past years.

Be sure you don't mention the President's name of course. The media only mentions Barack Obama when things are negative and going in the wrong direction. Fortunately, the record speaks for itself. It is amazing what he's accomplished with no help from the Republicans and in spite of our infamous "Do Nothing" Congress.  I just wanted to give a shout out to the POTUS for hanging tough in spite of the daily difficulties he faces. I often wonder what we could have achieved if Congress did their job and passed legislation that had a positive impact on job growth and reduced unemployment. Well, I can dream, can't I?

Posted in: Job Growth,Politics,The Emerald Quill,U. S. Economy,Unemployment rates