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Archived News Release--Caution:
information may be out of date.
For more information call: (202) 219-7316
Clearly, the addition of another 348,000 new jobs in May is
great news for America and further evidence that the President's economic
program is a stunning success. In fact, only two other economic recoveries in
the past half-century have lasted this long.
When you factor in the latest revisions, total employment
growth during this administration has reached 9.7 million new jobs. That's 9.7
million new jobs in less than three-and-a-half years. Remember, the President
pledged 8 million jobs over four years.
Given this robust economy, the absence of accelerating
inflation and the sharp increase in productivity earlier this year, there is
room for further wage growth. Working Americans should be getting a larger
slice of this prosperity. At the very least, we ought to be raising the minimum
wage so that the nation's lowest-paid workers can get ahead.
Archived News Release--Caution:
information may be out of date.
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