Sunday, March 11, 2012

2 Straight Years of Job Growth

Yesterday marked the release of this months job figures as well as the revised figures for both January and December and they were nothing but good news.  Not only did we add 240,000 jobs during February, but the estimates for both January and December were  low by significant margins.  Interestingly enough the unemployment rate actually stayed the same, but this is not a bad thing, it was actually due to more people re-entering the workforce.  When jobs are being created and that number goes up, that is a good thing.  This means confidence in the economy is building, people are seeing opportunity again and that means spending will increase to meet the oversupply we currently have and the economy will get right on chugging again.

I did get a bit of a laugh when Republicans released a statement saying it was bad news.  They're so silly.

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