It’s time to bring back the Bikini Graph! As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration. This comes to us from the Maddow Blog, courtesy of the wonderful Steve Benen:
According to the new BLS report, the U.S. economy added 204,000 jobs in October, double economists’ expectations. The private sector added 212,000 jobs – the second best total of the year thus far.
The overall unemployment rate inched higher, from 7.2% to 7.3%, though as we’ve discussed many times, that’s not uncommon when job creation picks up.
Even better still are the revisions... a combined 60,000 additional jobs that had been previously unreported... [This year] the economy has added 1.86 million jobs, which puts the U.S. on pace for the best year for job creation since before the 2008 crash.
Can you imagine how much better this report would be had the GOP government shutdown not happened? And how much better off we'd all be? But in spite of all the Republican sabotage, the economy is plugging along and we had some unexpected job growth.
Boy howdy, will this ruffle a few GOP feathers! But oh wait, nobody's talking about good news. Everyone's too busy buzzing about the president's apology, the rocky Affordable Care Act roll out, and Chris Christie, Chris Christie, Chris Christie.
This is positive stuff, people. Smile.
For more analysis by Benen, follow the link.