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U.S. employers added 295,000 jobs in Feb, report shows

7 Comments
By CHRISTOPHER S. RUGABER

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Friday’s figures provide “more evidence that the labor market is recovering rapidly, with employment growth more than strong enough to keep the unemployment rate trending down,” said Jim O’Sullivan, chief U.S. economist at High Frequency Economics. Falling unemployment “makes more acceleration in wages increasingly likely.”

The result of an effective QE program, correctly targeting the ways to boost true domestic demand, rather than just trying to hit an artificial inflation goal. Given this growth in th U.S. economy, and the fact that it is only the export-oriented firms in Japan that are prospering under Abenomics, that TPP sure makes a lot more sense. And I hope Obama tells it that bluntly to Abe when he visits Washington.

-3 ( +0 / -3 )

But the rate declined mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed.

0 ( +1 / -1 )

But the rate declined mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed

I didn't reference the rate of decline in the unemployment rate, did I? I was strictly referring to the creation of 295,000 new jobs.

-3 ( +1 / -4 )

If you want to crow over the prowess of QE, better make sure it's really prowess.

Trickle-down economics sucks if you're not in public sector, because if you're not in public sector, you're at the bottom end of the trickle.

Plenty of charts, detail, etc., here, including participation rate:

http://www.dailykos.com/story/2015/03/06/1368926/-Government-says-295-000-new-jobs-created-in-February-Official-unemployment-rate-falls-to-5-5#

0 ( +1 / -1 )

"Yet the strong job gains did little to raise wages last month."

Want more money? Get the skills/qualifications employers are willing to pay more for. It can be as simple as swinging a baseball bat, look at Ichiro, lol.

-2 ( +0 / -2 )

The Obama Boom just keeps on rolling. The country is finally past the massive failures of the republicans leading to the Great Bush Recession. This pattern just repeats itself over and over. Reagan, recession, Clinton boom. Bush Junior near depression, Obama boom. Stock markets hitting all time highs. This happens at the state level too. Kansas, republican state, near bankruptcy, California, democratic state, booming. Republicans are not capable of effectively leading government, they can lead it only to failure it seems.

2 ( +2 / -0 )

Obama, worst socialist ever.

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