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Good News, Ugly News in March Jobs Numbers

1200FPS Wrote: Apr 07, 2012 10:14 AM
It's about time somebody said it, but it needs to be more succinct to have resonance. Republicans need to make a lot of noise pushing this line: The incompetent dink who said if we'd just give him an unbelievably huge pile of money he'd make sure unemployment would never go over 8% has never gotten unemployment BELOW 8%.

The Bureau of Labor Statistics has released the March jobs report, which contains both real and cosmetic positive news for the economy -- as well as a large helping of disappointing statistics.  The genuinely good news is that 120,000 found work last month, which is an unalloyed positive for that group.  The cosmetic "good" news is that the U-3 unemployment rate dropped from 8.3 to 8.2 percent.  The ugly context?  Here's CBS News:

The March jobs report was a disappointment: Only 120,000 new jobs were created, versus expectations of over 200,000 and the unemployment...

Related Tags: Jobs Stimulus Unemployment