Welcome Back, Job Growth and Lower Unemployment

by Vince


Ezra Klein explains the best job news (February report) in three years:

We created 192,000 jobs, and the unemployment rate fell below the psychologically important 9 percent mark. This is the sort of jobs report that could persuade businesses to start hiring and investing for real, as the only thing worse than getting into a recovering economy too early is getting into a recovering economy too late, and they’d be well served investing ahead of it rather than trying to play catch-up.

This is the kind of good news that 1) can dismiss some Obama haters and 2) helps you relax a bit for the weekend.

Updated: The White House blog adds its two cents.

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