Thursday, March 1, 2012

March comes in like a lion, but we’ll take these types of winds anytime!

Yesterday we gave you the good news that Washington’s unemployment rate has dipped to 8.3 percent, which is pretty significant; especially when you consider that in February 2011 we were at 9.1 percent down from 10 percent in February 2010.
We’ve come a long way, baby!
And we’re not alone; looks like unemployment rates are steadily falling nationwide. The Washington Post reported this morning that the number of people seeking unemployment benefits fell slightly last week to the lowest point in four years; clearly, this means the U.S. job market is improving.
The story went on to say that the economy added 243,000 jobs in January, the most in nine months, and that economists expect another strong month of hiring for February.
But there’s more good news for America: According to a Federal Reserve Board report released yesterday, the U.S. economy started the year with busier factories, higher retail sales, more jobs, and growth in home sales.
These are all unequivocal signs that the economy is indeed getting better across this great nation and in our state. We’re about one week away from the conclusion of this year’s legislative session and we are confident that the measures House Democrats are putting forward will increase and speed-up this prosperous trend.

To read this story in Spanish, please click here.