Oh no, more bad news for deranged Obama hating conservatives:
Quote:
March 9, 2012
U.S. Extends Its Run of Strong Job Growth Another Month
By SHAILA DEWAN
In yet another sign of a strengthening recovery, the United States added 227,000 net jobs in February, the third consecutive month of gains over 200,000. The unemployment rate was unchanged from 8.3 percent in January, the Labor Department reported Friday, as nearly a half million people who had been staying on the sidelines rejoined the search for work.
The strong job growth numbers could bolster President Obama’s effort to make the case to voters that his economic policies are working. The Labor Department also said job gains in January and December were stronger than previously reported, revising them upward to 284,000 and 223,000 respectively.
Average wages, which many economists were watching closely, ticked up as well, from $23.28 an hour to $23.31 an hour, but still trailed inflation. If growth in hiring is accompanied by stronger growth in wages, it could be a sign that unemployment among qualified workers is dropping and that more of the remaining people looking for work are not well-suited for current vacancies.
The report followed a flurry of positive economic reports about the American economy, including a continued rise in consumer confidence and growing strength in the manufacturing sector.