Detroit Monster
Pamela Hilliard Owens
So...what do the Republicans do now?
This just in from the Washington Post:
In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years.
Hiring accelerated across the economy and up and down the pay scale. The high-salary professional services industry added 70,000 jobs, the most in 10 months. Manufacturing added 50,000, the most in a year.
It was the most jobs added since and March and April of last year, when 246,000 and 251,000 jobs were created. Before that, the last month with stronger hiring, excluding months skewed by temporary census jobs, was March 2006.
The government said hiring was stronger in November and December by 60,000 jobs than first estimated. It was also stronger over the past two years than previously thought. The economy added 1.82 million jobs last year, nearly twice as many as in 2010.
The unemployment rate was down two notches from the 8.5 percent reading last month. It was also the fifth consecutive month the rate has fallen, the first time that has happened since late 1994.
Employers have added an average of 201,000 jobs a month in the past three months. That’s 50,000 more jobs per month than the economy averaged in each month last year.
Perhaps Mittens should brush up on his Al Green tunes...
