Today’s jobs report shows a labor market that strengthened significantly in 2014, but one that still bears scars from the Great Recession and subsequent federal budget cuts and other austerity policies that perpetuated a severe jobs slump even as the economy and business profits began to recover.
Employers added an average of 246,000 jobs a month in 2014 and unemployment fell below 6 percent. At the same time, too many people who want a job haven't found one, especially among the long-term unemployed.
Click here for my statement with further analysis.