A unique view of 2012
Private sector employment increased by 67,000 in August and the unemployment rate rose to 9.6%.
Private nonfarm payroll employment increased by 71,000 in July and the unemployment rate remained at 9.5%.
Real GDP rose 2.4% in the second quarter of 2010. The historical revision shows a deeper recession through the second quarter of 2009.
A tax cut for high-income earners is a particularly ineffective job creation measure.
Private nonfarm payroll employment increased by 83,000 in June and the unemployment rate fell two-tenths of a percentage point to 9.5%.
Payroll employment grew by 431,000 in May – the largest one month employment gain since March 2000.
Payroll employment increased 290,000 in April - the largest one month gain since 2006.
CEA Chair Christina Romer writes that the economy has improved dramatically over the past year.
A new report by the Council of Economic Advisers finds that the Recovery Act is responsible for 2.5 million jobs. The report also shows that Recovery Act tax relief and income supports have had an important impact on real disposable income in the last year.
Christina Romer, Chair of the Council of Economic Advisers, discusses the jobs numbers for March, 2010.
Domestic Policy Advisor to the Vice President
Chief Official White House Photographer
Secretary of Homeland Security
Director of Progressive Media and Online Response
Secretary of Housing and Urban Development
U.S. Intellectual Property Enforcement Coordinator
Deputy National Security Advisor for Strategic Communications and Speechwriting