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Barack Tweets Hope: Over 20 Months Of Job Growth! (DETAILS)

Posted February 3, 2012 by The Decider for Global Grind Staff

President Barack Obama has plenty to smile about these days. The jobs report revealed the United States added 243,000 jobs in January, dropping the unemployment rate to 8.3 percent, the lowest in three years.

STORY: Barack: It Ain't About the 99% Or The 1%!

The unemployment rate is the lowest since February 2009, one month after Obama took office. And to show how much things have changed in the economy, President Obama tweeted a chart showing the progression since he has taken office:

According to the labor department, eleven million people are either working part-time but would prefer full-time work, or have stopped searching for jobs.

Employers have added an average of 201,000 jobs a month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.

The Labor Department's January jobs report was filled with other encouraging data and revisions. The economy added 200,000 more jobs in 2011 than first thought.

As for the job growth among the major worker groups, the unemployment rates for adult men (7.7 percent) and blacks (13.6 percent) declined in January.

The unemployment rates for adult women (7.7 percent), teenagers (23.2 percent), whites (7.4 percent), and Hispanics (10.5 percent) were little changed.

Things are looking up for President Obama on the jobs front as he pushes on to the 2012 election.


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