The newest jobs report is out and things are not looking all that hot. You’d think that after we did everything the progressives told us we had to do, which usually boiled down to spending hundreds of billions of dollars on big-government, high-control, low-entrepreneurship, campaign contributor-enriching programs, we’d be in better shape. But no (via memeorandum).
U.S. employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 percent, bolstering views the economy was on the brink of creating jobs.
The Labor Department said on Friday nonfarm payrolls fell 36,000 and it was unclear how the severe snowstorms, which hit much of the country last month had impacted employment.
It doesn’t exactly take a genius to guess that the snowstorms kept people from looking very hard for jobs. It’s awfully tough to get your e-mails answered when no one’s in the office and 3 1/2 feet of snow on the ground make getting to a job interview ever the slightest bit dificult. I think you’ll see that reflected later on in the numbers of the disconsolate who didn’t even bother looking for work in February.
But, hey, buck up, folks! Harry Reid says today is a completely awesome day of awesomeness. His speech today was, even accounting for his Droopy Dog delivery, practically Reaganesque.
So get out your party hats, folks. It’s a really good day.
Category: The Economy and Your Money