http://www.investors.com/politics/capital-hill/how-good-is-job-growth-the-chart-obama-doesnt-want-you-to-see/Is 14.4 million new jobs good or bad? It depends on the context. (AP)
JOHN MERLINE
5:57 PM ET
“The longest streak of private-sector job growth on record”!
“U.S. businesses have now added 14.4 million jobs over 73 straight months”!
“The labor force participation rate rose to 63% in March, the same level as in November 2013”!
All those quotes — minus the exclamation points — came from White House top economist Jason Furman. And they are all accurate.
What’s missing, however, is context. Because when you look at these numbers in context, not only do the exclamation points disappear, but so do any claims of robust job growth under this administration.
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