The February Jobs Report: Not Bad
The American Action Forum reviews the February jobs report. Overall, America seems to be moving in the right direction, as the unemployment rate dropped to 7.7% (as compared to January’s rate of 7.9%). In addition, both employment hours and weekly earnings rose. The private sector also added 246,000 jobs.
There are still long-term issues regarding joblessness, and wages. The job growth trajectory still points to a painfully slow recovery.
Let’s hope the February trends are not simply a fluke, but with the recent sequestration cuts to military and federal grant spending, I highly doubt March will look this positive.
About the Author
David Frum
David Frum is a contributing editor at Newsweek and The Daily Beast and a CNN contributor. He is the author of eight books, including most recently the e-book WHY ROMNEY LOST and his first novel Patriots, published in April 2012.
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