February Employment Right in Line with Prior Two Years

I hate to spoil the party over the big February jobs numbers, but I guess I've always been more of a data geek than a party guy. Yes, 236,000 is better than expected and not a bad number in the scheme of things. But folks with a little bit of memory would be slower to bring out the champagne bottles. We created 271,000 jobs last February and 196,000 jobs in February of 2011. That makes the average for the prior two years 234,000, almost exactly the same as yesterday's job number.

Last year th...