The Economy Adds 227,000 Jobs in January, and Unemployment Little Changed at 4.8%

February 3, 2017 Monika Greenhow

The U.S. economy added 227,000 jobs in January in the last employment report of the the Barack Obama administration. Unemployment was little changed at 4.8%, according to figures released this morning by the U.S. Bureau of Labor Statistics. President Donald Trump is inheriting a relatively strong economy based on years of work that Barack Obama and his administration did to bring us out of the horrible recession brought on, in part, because of George W. Bush-era deregulation and weak enforcement. Obama inherited a failing economy, with 589,000 jobs lost in January 2009 and an unemployment rate in February 2009 of 7.6%. Trump, on the other hand, is inheriting a much stronger jobs market, with 227,000 jobs added in January 2017 and an unemploymet rate of 4.8%. Trump's challenge is to continue the pattern of job growth and rising wages. The administration needs to create policies benefiting working people so the recovery continues.

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