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The Employment Report for January 2015 February 6, 2015

Posted by geoff in News.
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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):

FullTimeEmpvsCivPopFeb2015

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:

Regular_Gasoline_Prices

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.

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