The Bureau of Labor Statistics reports the economy added 431,000 new jobs, 411,000 of which were temporary Census jobs.
The private sector added only 41,000 jobs last month, below expectations and far less than the number needed just to keep pace with population growth.Still, President Barack Obama hailed the jobs report:
Now, this is the fifth month in a row that we’ve seen job gains. And while we recognize that our recovery is still in its early stages and that there are going to be ups and downs in the months ahead -- things never go completely in a smooth line -- this report is a sign that our economy is getting stronger by the day.Congressional Black Caucus Chair Barbara Lee sees the glass as half empty:
Today’s report that the economy added 431,000 jobs is a clear sign that our economy is on the road to recovery, but with unemployment at 9.7 percent there remains work to do.
While it is heartening to see the unemployment rate for African Americans drop a full percentage point, 15.5 percent is still an unacceptably high figure and considerably more than the overall unemployment rate. Teen unemployment edged up slightly to 26.4 percent overall, with the rates of unemployment for African American and Latino teens at 38 and 28.6 percent, respectively.
These figures reinforce the continued need for direct job creation to ensure that those Americans who are hurting the most get the help they need.
The CBC called on the Senate to pass the American Jobs and Closing Tax Loopholes Act, which includes $1 billion for a summer youth jobs program.
For more info, check out the National Urban League’s State of Urban Jobs.