Skip to comments.Job creation heralds stronger recovery
Posted on 03/09/2012 4:50:59 PM PST by Oldeconomybuyer
Employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve.
Friday's Labor Department report, which showed nonfarm payrolls increased 227,000 last month, also bolstered President Barack Obama's chances for re-election.
Economists are perplexed at the relative strength of the jobs market, given still-sluggish economic growth.
Growth is expected to slow this quarter from the fourth quarter's 3 percent annual pace, with high gasoline prices curbing spending and a recession in Europe weighing on exports.
Consumer spending has been flat for three straight months, and a report on Friday showed the U.S. trade deficit hit its widest point in three years on high oil prices and record imports, leading some economists to scale back growth forecasts.
(Excerpt) Read more at reuters.com ...
Yes and a complicit, corrupt media to help.
‘Employers added more than 200,000 workers to their payrolls for a third straight month in February, a sign the economy was strengthening and in less need of further monetary stimulus from the Federal Reserve. Friday’s Labor Department report, which showed nonfarm payrolls increased 227,000 last month’-—————
The economy added 227,000 jobs in February, down from 284,000 in January. That’s 54,000 less than last January.
The economy must add 12.9 million jobs over the next three years358,000 each monthto bring unemployment down to 6 percent.
200K is terrible - barely break even.
Not eeven worth googling what the same leftist propaganda artists said when Bush had 300K.
This is gong to be 9 months of balls out propaganda. They have completely given up on credibility - Obama has 0% of the rational vote. They can’t lose us any more than they already have.
They pay no penalty for this.
It looks like Lucia Mutikani is angling for Jay Carney’s job.
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