White House: Jobs Report Confirms Continued Economic Recovery

Politics

0  Updated at 2:40 pm, July 5th, 2013 By: ABC Digital
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Comstock/Thinkstock(WASHINGTON) — Friday’s jobs report showed that U.S. employers added nearly 200,000 jobs in the past month, gains that the White House calls proof of the continuing recovery from the recession that began in 2007.

In a statement on Friday, the Chairman of the Council of Economic Advisors, Alan B. Krueger, said that the most recent report is “further confirmation that the U.S. economy is continuing to recover from the worst downturn since the Great Depression.”

While the overall unemployment rate remained stuck at 7.6 percent, the rate of participation in the labor force rose by 0.1 percent.

The White House stressed that there is still work to be done, but that the 5.3 million jobs added since June 2009 is evidence that the economic recovery is continuing to gain traction. The economy has added private sector jobs for 40 consecutive months, with 7.2 million jobs added in that span.

Copyright 2013 ABC News Radio



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