by admin on 11th-November-2016


Washington, D.C.

Late last week, the U.S. Labor Department announced a moderate and respectable gain of 161,000 jobs in October. 

Although the nation’s job gains were modest, it set a record for 73 consecutive months of sustained job growth and brought the total number of jobs created during the Obama presidency to 11 million plus. In addition, under the president’s leadership, the country has experienced the longest period of economic expansion its history with 78 successive months of economic expansion. 

Job gains and economic expansion have combined to gradually reduce the nation’s unemployment rate from 10.1 percent in October of 2009 to 4.9 percent today.

Category: News Brief.
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