Stronger than expected rebound in April, creating employment opportunities and the discovery of huge oil and gas reserves in the United States, recent dramatic help lift the U.S. economy out of a long-term funk.
The good news of the economy also drew attention to the private sector innovation, rather than the importance of the Government's policy in promoting economic growth.
The Labor Department reported nonfarm payrolls increased by 165,000 jobs last month, the unemployment rate fell to 7.5% of a four-year low by any standard, does not mean that the explosive employment growth.
However, the report provides a big sigh of relief President Barack Obama and his Democratic allies in Congress.
It can also help blunt Republican criticism of Obama's policies, to make it easier for him in his agenda, including immigration, gun control and global warming and other issues to give more attention.
At the same time, it provides a smaller government and fewer regulations on business calls for more support for Republican.
Recent employment improvement by the proceeds of the private sector, by the action of the President and the Congress has nothing to do.
Most legislative fiscal stimulus plan began in 2008, under President George W Bush and Obama start to fend for themselves. However, the U.S. Federal Reserve Board will continue to hold down interest rates and printing money to buy government bonds and mortgage-related bonds to stimulate the economy.
In fact report shows that employers, even in the face of the new federal budget cuts confidence in the economic outlook. Economists generally believe that employment growth will be greater, if not automatic across-the-board cut in government spending began to take $ 85 billion bite.
R Ohio, House Speaker John Boehner said, although the report has some good news "in the area of ??employment, but it is still important to focus on the development of our economic growth, rather than more government. "He said, including the expansion of our energy production. "
The energy sector plays an important role in global economic growth and recovery.
Recently discovered track on the United States to become the world's largest oil and gas producer in a few years. At the same time, oil imports has fallen to the lowest level in 17 years.
Obama's promotion of renewable clean energy, such as wind and solar power, energy breakthrough again in the future.
, Former director of the Congressional Budget Office, and Senator John McCain in the 2008 presidential campaign's chief economic adviser, economist Douglas Holtz - Eakin said: "In the coming months and years, the domestic energy production "will be a real driver of economic growth.
These energy gains, not so large, will be reflected in the drilling and other energy work site more work, reduce production costs and improve the country's balance of trade, said Holtz - Eakin, the person in charge of the American Action Forum, a conservative School of Public Policy.
"There are a lot of people like things in this employment report, but it is also a very long way to go to get your stuff."
It is difficult to understand, when you are in the grips, but recession always come to an end. Recover ultimately always follow the to obey physical business cycle.
But this recovery has been painful shallow view of the recession officially ended the way back in mid-2009. Even at 7.5%, much higher than the level before the recession, the unemployment rate hovering.
Even in the pace of improvement, create employment opportunities over the past six months, it will still consider until the beginning of 2018, more than five years to get back to more normal unemployment rate of 5% or less prevalent, the recession began At the end of 2007, the labor-oriented Economic Policy Institute economist Heidi Shierholz said.
"It is these reports is context-driven in good times, 165,000 new jobs will be fine, but nothing to write home," she said. "
"This is not bad, but we should have increased since December 2007, more than six million jobs, on the contrary, we are down 26,000 jobs," she said. "There are a lot of out of touch just pleased that job growth is better than their expectations and what the report actually said the labor market of people who are."
Even so, the stock rose clues, the Dow Jones Industrial Average on Friday brief rise more than $ 15,000 before the first bit down, to close at 14,974 points, still a record close.
The employment report also reflects the recovery of the housing industry. However, not all industries. For example, manufacturing, flat.
While most of the energy-related areas of the rise and development of new technologies may be "promising", the manufacturer's benefits will be muted, "said Alan energy consumption in the United States, because of the" made in America has become so much Tonelson less in recent years, the overall commercial and industrial committee representing close to 2,000 family-owned manufacturing enterprises.
Tonelson worried about foreign trade barriers, continuing high levels despite the recent cuts in government spending, the continuing efforts of the Federal Reserve printing money to stimulate economic growth.
"The debt-led growth will never end," he said.
Nevertheless, the latest employment report to the management of a large dose of good news, even if the officials agreed, still gone.
"The economy has increased private-sector jobs per month for 38 months, a total of 68,000 jobs," said Alan Krueger, chairman of the White House Council of Economic Advisers.
"This is crucial, we will continue to focus on the pursuit of policies to accelerate job creation and expansion of the middle class, we will continue to dig our way out."
 
 
 



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