163,000 Jobs Created in Julyon August 3rd, 2012 at 7:48 am
Private sector firms hired an extra 172,000 staff, which more than offset the 9,000 fall in government payrolls. The figures were better than most economists had forecast. Read more at BBC News
Despite corporations sitting on trillions of dollars and refusing to hire, despite continued cuts to the public sector by austerity hawks, despite Republicans praying for economic failure, President Obama’s policies continue to show results. Continued strength in the housing sector provides an optimistic outlook for the future.
A stronger housing market may lead the private sector to faster growth next year, Moody’s Analytics chief economist Mark Zandi said. Read more at USA Today