Reminder from Think Progress: At the same point in his administration, President George W. Bush’s record wasn’t as positive. Through 44 months, the private sector had lost more than 1 percent of its jobs (under Obama, it has gained 0.46 percent), and the only reason Bush could claim positive overall growth was because the public sector had grown by almost 4 percent. [...] Under Obama, the public sector has shrunk by more than 600,000 jobs, increasing only while the government conducted the 2010 Census. Without those losses, the unemployment rate would be near 7 percent. The unemployment rate would be lower still had Republicans not blocked the American Jobs Act, which economists estimated would have added more than one million jobs to the economy.
US STOCKS-Dow hits 5-year high on jobs report | Reuters – The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the U.S. labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high.
WASHINGTON — A federal strike force has charged 91 people, including a hospital president, doctors and nurses, with Medicare fraud schemes in seven cities involving $429 million in false billings. [...]
Health and Human Services Secretary Kathleen Sebelius said that that in addition to the newly announced criminal charges, her agency used new authority under the Obama administration’s health care law to stop future payments to many of the health care providers suspected of fraud.