Before we get to the jobs news o' the day, how's about a little upbeat update from everyone's favorite news source, the always reliable Fox Biz, hmm? Via an email alert:
The blue-chip average broke past the 17000 mark for the first time in history as traders cheered a strong jobs report. The Dow is up 58 points, or 0.35%, to 17035.
And this happened on whose watch again? Oh yeah.
President Obama is the worst. Socialist. Ever.
Now on to Ye Olde Bikinie Graphe, because, yes, once again, it’s job creation time! Which means it's time to bring back the really-not-so-old Bikini Graph! This time around, the conclusion is that "few expected the data to be this good." That sound you hear is the protesteth too mucheth from the moutheths of the GOPeth:
As always, red columns point to monthly job totals under the Bush administration, while blue columns point to job totals under the Obama administration.
Via Steve Benen at The Maddow Blog, more on the new report from Bureau of Labor Statistics, including how we added 288,000 jobs in June, "well ahead of forecasts." The unemployment rate is now at 6,1%, which is the lowest it's been since September 2008. That's six-- count 'em, six-- years ago. Last fall, it was a full point higher. At one point, we were at 10% (thank you, BushCo).
Benen even manages to squeeze in some excellent Benghazi!!!! snarkitude:
For the fifth consecutive month, public-sector layoffs did not drag down the overall employment figures. Though jobs reports over the last few years have shown monthly government job losses, in June, the private sector added 262,000 while the public sector added 26,000. The latter may not sound like much, but after several years in which that total was negative, it’s heartening. [...]
Overall, the report suggests the jobs landscape is clearly improving, which is no doubt proof that American employers are in on the conspiracy to distract Americans from Benghazi.
All told, over the last 12 months, the U.S. economy has added over 2.49 million jobs overall and 2.43 million in the private sector. What’s more, June was the 52nd consecutive month in which we’ve seen private-sector job growth – the longest on record.
At this point, with the year about half over, 2014 is currently on track to be the best year for U.S. job creation since 1999.
Benen is also reporting that this is "actual" good news, because "job creation was strong, even as the labor force grew. This is, in other words, how people rooting for the economy want to see the jobless rate drop."
But my favorite part was this: "There’s no point in cherry picking because all of the news is good."
Say it with me now: