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Unemployment Reaches Lowest Numbers Since Obama’s Presidency

Photo Credit: The White House

Photo Credit: The White House

By: Amanda Anderson-Niles

President Obama won his first term as President because of the many promises of change he promised the country, but in his second term it’s clear the country still isn’t quite where he wants it to be. Unemployment has been one of the biggest issues the country continues to face as a result of a broken economy, but the President continues to tell American’s he’s working diligently on solving the country’s toughest issues. After catching major backlash for his recent comments regarding the George Zimmerman/Trayvon Martin trial, Obama has some great news to celebrate. According to reports, the unemployment rate has reached its lowest since Obama took office. AL.com reports:

The U.S. economy added 162,000 jobs in July, and the official unemployment rate fell to 7.4 percent, the lowest it has been since December 2008, before President Barack Obama took office.

The official unemployment rate fell because the number of unemployed persons dropped by roughly 263,000. June’s unemployment rate had been 7.6 percent; a year ago, the unemployment rate was 8.2 percent.

Industries that added a substantial number of jobs included retail trade, professional and business services, and leisure and hospitality.

The average weekly earnings total for American workers was $824.91 in July, up over the year but down from a month earlier.

 

 

Of course President Obama agrees there’s more work to do, and he recently confirmed he plans to switch his focus back to the suffering middle class. He says he feels it’s time to work on the stagnant wages and hopefully expand the middle class by doing so.

Amanda is a TV junkie with a passion for all things reality television. She's from Decatur, GA.

10 Comments

10 Comments

  1. Anonymous

    August 2, 2013 at 3:57 pm

    Happy for Obama, but he needs to put some more work in ASAP.

  2. WhatWhat

    August 2, 2013 at 4:00 pm

    Good.

  3. My 2 Cents

    August 2, 2013 at 4:01 pm

    IDK…there’s still a lot people out of work.

  4. Gabriella

    August 2, 2013 at 4:04 pm

    Good now maybe these republicans in congress will stop blocking everything Obama tries to implement.

  5. SMH

    August 2, 2013 at 4:05 pm

    Y’all know the Gov’t juke the stats right? I don’t believe this at all.

  6. D. Roser

    August 2, 2013 at 4:07 pm

    I am so proud of my President! This is why I voted for Obama twice. Republicans could never do this.

  7. Millie

    August 2, 2013 at 4:07 pm

    What’s the unemployment rate for African-Americans?

  8. Sasha Thumper

    August 2, 2013 at 4:08 pm

    If true, then this is great news for the President.

  9. Rene'

    August 2, 2013 at 4:09 pm

    I love it!

  10. Tammy

    August 2, 2013 at 4:10 pm

    These stats are good for Obama but they mean nothing to those that are underemployed or not employed at all.

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