The Employment Report for January 2015 February 6, 2015Posted by geoff in News.
The BLS came out with its employment situation report this morning, and once again we see an uptick in my favorite unemployment metric (how many people working full-time vs. how many mouths to feed):
The recent improvement in the employment situation pretty much coincides with the dollar-and-a-half drop in gas prices (which started in July of last year). Here are gas prices for the past year so you can see for yourself:
That drop in gas prices is, of course, mostly a consequence of America’s increased oil production – something the President has opposed consistently throughout his rule. In fact, oil production on federal lands has dropped since he was first elected: the increase in production comes from oil production on state- and privately-held lands.
But that won’t stop him from taking credit for the improving employment picture.