Monday, March 12, 2012

U.S. Extends Its Run of Strong Job Growth Another Month

Many will continue to find reasons why the economy has not recovered.  Why?  The more important point is that the tend points in the correct direction.

Econ_Feb_Revised

 

After a stretch of economic expansion so weak that Main Street struggled to detect any improvement, three consecutive months of solid employment growth have begun to lift the mood of consumers and the unemployed.

The economy added 227,000 jobs in February, the Labor Department reported Friday, and though the unemployment rate held steady at 8.3 percent, that was largely because nearly half a million people had joined, or resumed, the search for work in hopes their prospects had improved.

http://www.nytimes.com/2012/03/10/business/economy/us-added-227000-jobs-last-month-rate-at-8-3.html?_r=2&hp

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