The US economy has to add 250,000 jobs to break even! If BO wanted to go into the history books as an FDR he just had to foster an oil boom and hold Public Sector spending down. Instead he went with the job killing Obamacare thingy and the economy is barely treading water at a time in the business cycle when it should be booming...
Good analysis at PBS. http://www.pbs.org/newshour/busines...s-unemployment-falls-236000-jobs-created.html In February, 236,000 new jobs were added to the economy, which was higher than expected and the unemployment rate dropped by 0.1 percent. But the 7.7 percent unemployment rate -- the official unemployment rate -- is only a small part of the picture. Our own monthly reckoning of unemployment rate -- what we call U-7 -- is a more inclusive take on the underemployment and unemployment rate in America. The PBS "real" unemployment rate is 16.46%. Furthermore, the BLS reported, "the number of long-term unemployed (those jobless for 27 weeks or more) was about unchanged at 4.8 million. These individuals accounted for 40.2 percent of the unemployed." Here is the bottom line: the economy is clearly improving. But today's numbers in no way resolve the larger and critical debate between the "structuralists" who say that high unemployment is here to stay as American jobs give way to technology and foreign workers, and the "cyclicalists" who say we'll return to "full-employment," or 4-5 percent unemployment rate, when the economy fully revives.
If the Labor Force Participation rate was just where it was a year ago, in February 2012, the official unemployment rate would 8.3%. And if the LFP rate was where it was in January 2009, the official unemployment rate would be 10.8%. Poor job Mr. President!!!!! Reality vs. White House projections <img src=http://www.aei-ideas.org/wp-content/uploads/2013/03/romerbernsteinFeb13-600x346.jpg> Looks like Obama has screwed up the economy royally!!! http://www.aei-ideas.org/2013/03/to...-report-is-to-embrace-the-new-normal-economy/
If Bush,Clinton,Bush and Reagan were judged by the BLS so should Obama.According to The BLS unemployment is at a 4 year low...Good job Mr President !!!!