The Employment Situation in February
February 2014 was the 48th straight month of private-sector job growth, with businesses adding 8.7 million jobs over that time. Despite a major snowstorm that hit the East Coast during the reference week for the labor market surveys, the rate of job growth picked up from the December and January pace. Nevertheless, the unemployment rate remains elevated, and for too many Americans, wages have been slow to rise.
This week, the President put out a budget that can make progress on these issues by investing in education, job training, and innovation, by expanding tax credits for working Americans, and by extending the emergency unemployment benefits that has expired for 2 million Americans. And while the President encourages Congress to act on his proposals, he will also continue to take action on his own wherever possible to support job growth and expand economic opportunity.
FIVE KEY POINTS IN TODAY'S REPORT FROM THE BUREAU OF LABOR STATISTICS
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More here:
http://www.whitehouse.gov/blog/2014/03/07/employment-situation-february