While there is still a lot of pain out there, this is better news. The U6 also dropped from 16.5 to 16.3%. Also, an increase of hours worked is reported.
Stimulus is starting to work and will continue to spur investments and innovation into 2010.
This is unexpected great news (and not for John McCain).
It's going to help Obama greatly in the HC debate. Democrats plans work. That will be the message that is going to be said over and over again now.
Just for some perspective, a loss of 275K jobs is less than we had during 5% unemployment. It's a great number given where we were in January.
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