Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

U.S. Has Added More Jobs Than Thought

September 28, 2012 by  

WASHINGTON (UPI) — The U.S. economy added 386,000 more jobs than previously estimated between April 2011 and March 2012, the Labor Department said Thursday.

The Bureau of Labor Statistics said it had initially undercounted job growth, and the latest report indicates BLS preliminary job reports during the period were underreported by an average of 32,000 jobs per month, The Hill said.

The development means President Barack Obama may now claim the economy had a net gain of jobs since he took office in January 2009, Forbes reported.

Forbes said the development deprives the campaign of Republican presidential nominee Mitt Romney of one of its arguments — that the economy has lost jobs under Obama.

Alan Krueger, the chairman of the Council of Economic Advisers, wrote in a blog post that the revised numbers suggest the recession that began in 2007 was deeper than previously thought and “the jobs recovery over the last 2.5 years has been a bit stronger than initially reported.”

The BLS report was issued the same day the Labor Department reported new claims for unemployment benefits fell by 26,000 last week to a seasonally adjusted 359,000, the best showing in two months.

Many economists believe a total of 375,000 first-time claims for unemployment is an indicator the unemployment rate is coming down, Forbes said.

UPI - United Press International, Inc.

Since 1907, United Press International (UPI) has been a leading provider of critical information to media outlets, businesses, governments and researchers worldwide.

Facebook Conversations

Join the Discussion:
View Comments to “U.S. Has Added More Jobs Than Thought”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.