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View Diary: Gain in payroll jobs higher than expected. Unemployment rate falls to 7.5%. Revisions soar. (77 comments)

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  •  Yes. I would say February, as revised... (3+ / 0-)

    ...to 332,000 was very positive. But the original report was nearly 100,000 less than that, so it was, imo, just positive when I wrote about it then.

    Anything first reported as below 100,000 jobs I consider very weak since that is under the break-even point for absorbing new working-age adults added to the population. Two of those four so reported were later revised upward.

    The truly good news, imo, is that if the current trend continues, we'll finally have the opportunity to deal with some of chronic problems in the economy instead of having to focus on the acute ones caused by the Great Recession.

    We still, however, have quite a ways to go before we're back to the level of December 2007, and there obstacles to getting there, not the least of which is the sequester that the CBO estimates will kill 750,000 jobs this year.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Fri May 03, 2013 at 10:21:19 AM PDT

    [ Parent ]

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