EGADS! DON'T TELL NANCY PELOSI – AT 10:16 A.M. ET: There is fever, there is pain, in liberal ranks this morning. Added to the White House announcement of dramatic progress on the North Korea front, there is the jobs report. The deplorables are coming back to work! What will happen to political correctness? From CNBC:
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.
Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.
An increase in the labor force participation rate to its highest level since September 2017 helped keep the headline unemployment number steady, as the number of those counted as not in the workforce tumbled by 653,000 to just over 95 million.
The total counted as "employed" in the household survey surged by 785,000 to a record 155.2 million.
A separate measure that takes into account those out of the workforce and the underemployed — sometimes referred to as the "real" unemployment rate — held steady at 8.2 percent.
Stocks surged following the report, with the Dow industrials opening more than 150 points higher after being slightly negative before the news.
COMMENT: Who are these outrageous fools who want to work? Can't they be satisfied with a Democratic welfare program? What has happened to our leftist values?
The Democratic answer will probably be to move further left.
March 9, 2018 |