In June, the economy added 288,000 jobs, according to data from the Bureau of Labor Statistics–higher than the expected 212,000 increase. Unemployment has also hit its lowest rate since September 2008.
This year alone, 1.38 million jobs have been added–1.16 million of them in the private sector.
Most of the added employment opportunities, unfortunately, are low wage. The retail sector added 40,000 jobs, leisure and hospitality added 39,000, and manufacturing added 16,000. Professional and business services added 67,000 jobs, and restaurants and similar establishments added 33,000.
April and May’s numbers were even better than though, as well. Those two months were revised, with an additional 29,000 jobs added over what was previously reported.
The high number of lower-paying jobs added makes President Obama’s initiative to raise the minimum wage even more important. At the State of the Union address, the President encouraged Congress to increase the minimum wage to $10.10 per hour. Many businesses have followed the President’s lead by paying workers better, and the President has done what he can on his own to help employees live a better life.
We look forward to a continued steady increase in jobs, thanks to our socialist, Marxist, Muslim, atheist, foreign-born usurper. Thanks, Obama!