US economy adds 288,000 jobs, pushes Dow Jones above 17,000
Obama will be sure to get more regulations in place to make sure the economy doesn’t recover.
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The economy added 288,000 jobs in June, a better-than-expected number that helped push the unemployment rate down to 6.1 percent.
It’s the lowest the unemployment rate had been since September 2008, the month Lehman Brothers went bankrupt, and the financial crisis that set off the recession began.
Stocks rose on the robust report, with the Dow Jones average topping 17,000 for the first time just after the markets opened.
The figures will have politicians wondering how the expanding economy might affect this year’s midterm elections, where Republicans are now favored to take back the Senate in part due to dissatisfaction with President Obama, whose approval ratings are hovering just above 40 percent.
The strong number marks the fifth straight month of jobs growth above 200,000, bolstering hopes the economy has turned a corner.