We heard the news on Friday. But it’s still worth celebrating.
I’m talking about the latest jobs numbers. 222,000 new private sector jobs created in the month of February. We also lost 30,000 public sector jobs, but that’s still a net gain of 192,000 jobs.
And the unemployment rate went down one tick, from 9 percent to 8.9 percent.
That makes twelve months in a row of positive job creation. And three months in a row where the unemployment rate has gone down, not up.
We still have a long way to go, there are still far too many Americans out of work, but this is good news, indeed, for the country. Because it shows that the economic recovery is real – and getting stronger every day.
There’s only one thing that could screw this deal: the Republicans’ plan to cut $100 billion from this year’s budget.
Fed Chair Ben Bernanke says that’ll cost 220,000 jobs. Moody’s predicts a loss of 700,000 jobs.
Whatever the number, it’s the one sure way to kill our economic recovery, just when it’s finally getting underway.
What a contrast. President Obama’s working to create new jobs. Republicans are working to create more unemployed Americans.
That’s my parting shot for today.