The February jobs report was reasonably good. It wasn't great; we created an average of 250,000 jobs a month for four years at the end of the 90s. Coming off a severe downturn we should be seeing jobs growth of 400,000 a month, as we did following the 81-82 recession and the 74-75 recesssion, but 227,000 jobs is definitely an improvement over what we had been seeing.
But the NYT got a bit carried away. It told readers:
"Household survey respondents indicated that 879,000 more people were...
Published on March 09, 2012 19:03