Ah, well, so much for that. Back above 400k in the most recent release this morning.
Can't argue the numbers.
406,000 is not healthy.
However, it did come in the month of the highest gasoline prices in history.
We get the first GDP number next week, and almost everyone is some place between 1% and 2%.
Again, not healthy, but above what everyone was predicting three months ago.
Just to keep things in perspective, since George Bush took office, we have had 18.2% real GDP growth, created 8.3 million jobs, and had 26 consecutive quarters of nominal GDP growth.
That seems like a passing grade to me when you consider that during the same time period we had the Clinton-Gore (dot.com) stock market crash, the most destructive terrorist attack in history, two wars, the most expensive natural disaster in history (Hurricane Katrina), a world wide credit crisis, the largest housing bubble in history, and the highest oil prices in history.