The economy is breathing and there be jobs here.
Most estimates in advance of today’s new jobs report from the Bureau of Labor Statistics suggested the economy added about 210,000 jobs in February. As it turns out, we did even better than that.
The U.S. economy added 227,000 jobs last month, while the overall unemployment rate remained steady at 8.3%. At first blush, that may sound discouraging, but the details matter — the jobless rate remained the same, despite the increase, because “more people entered the workforce in search of jobs.”
And that’s what we want — it’s evidence of a healthier economy.
Expect the Republicans to insist this part of an “Obama backslide.”