Tuesday, October 22, 2013

National Economic Overview

Jason Furman, chairman of the Council of Economic Advisors, has posted an entry to the White House blog, outlining several elements of the national economy.  It has some handy charts and graphs in it, but as those don't always translate well to blogger, I'm linking to it instead of cutting and pasting.

A few highlights:

  • Private sector employment has risen for 43 consecutive months, with businesses adding a total of 7.6 million jobs over that period.

  • Weekly employment indicators not in today’s report suggest that the labor market situation deteriorated in early October, coinciding with the shutdown and the threat of a possible default.

  • Local government educational services employment rose by 9,500 in September and is up 56,400 over the last three months – but remains well below pre-crisis levels. 

  • The unemployment rate for women ticked down to 6.7 percent in September, the lowest since December 2008 but still above pre-crisis rates.

  • The economy has been adding jobs at a pace of more than 2 million per year.

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