While more work needs to be done to restore economic security for families nationwide, a look at the recent data on the housing market shows continued improvements that are welcome news given the challenges experienced by homeowners since the recession. Earlier today, the Commerce Department’s Census Bureau released data on new residential construction in July 2012.
Earlier Friday, August 3rd, the Bureau of Labor Statistics (BLS) released a report showing that the private sector added 172,000 jobs last month, and overall employment rose by 163,000. While there’s more work to be done, the economy is creating jobs on a consistent basis. The economy has added private sector jobs for 29 straight months, for a total of 4.5 million jobs. In fact, since the beginning of the year, the economy has added over 1.1 million private sector jobs. Today’s employment report provides further evidence that the U.S. economy is continuing to recover from the deepest recession since the Great Depression.
