Some good news on the U.S. jobs front: The unemployment rate fell to 8.6 percent, its lowest level since early 2009, and employers added about 120,000 new jobs to payrolls. But … wait … it’s all doom and gloom according to the NYT article linked above.
Okay, the numbers aren’t spectacular. The economy needs about 250,000 new jobs a month just to keep up with population growth, and the labor force actually shrunk. But can’t we at least take some satisfaction that the economy is clearly growing, when only a few months ago we were worried about a double-dip recession? Jeez.
Filed under: Glass half