Friday, March 5, 2010

What's the Good News on Unemployment Harry Reid?

You can't make this stuff up, really you can't. The good news according to Reid only 36,000 lost their jobs in February. The administration did their level best to tamp down expectations for this jobs report. Earlier in the week Larry Summers blamed all that global warming snow we had in February for unemployment figures. Summers' statement created the expectation that unemployment numbers would be much higher. This was all a nice set up for Obama to declare the loss:
"actually better than expected" considering the massive snowstorms that devastated the East Coast.
It's all about him you know.   Surprisingly,all  that global warming snow  seemed to have little effect on the unemployment rates and it remains to be seen whether the numbers were actually lower than expected.  Once again though Obama will not rest until everyone has a job.   We can expect Obama to pivot from health care soon right?  No, don't hold your breath on that one.  When Obama does manage to make his way towards focusing on jobs, he has quite the task ahead.  Ed Morrissey confirms the harsh reality:
Once again, the topline unemployment rate is masking the fact that we’re still losing jobs.  Remember that population growth requires around 100K-125K new jobs opening every month just to maintain the status quo.  We’re still losing jobs, and we’re pushing more people out of the work force.
 But don't worry, this is all good news:
H/T:  Memeorandum

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