As I've stated in the past, one can get really confused by paying too close attention to the monthly release of the federal Bureau of Labor Statistics unemployment rate and its underpinnings. This last month 227,000 jobs were created and the unemployment rate remained the same.
By the same token, job creation was virtually stagnant the month before and the unemployment rate plummeted.
My head gets to hurting really bad.
That's why I recommended - and have recommended for a long time - that everyone concentrate on employment - and skip the whole unemployment exercise-in-futility all together.
With that said, how was February?
Well, listen to Obama and you'll believe that manna reigned down from heaven last month.
But he's not to be believed.
The actual statistics?
In fact America did darn good.
We have a long way to go to get back to the numbers that we were churning out last decade. But let's hope this is a trend and not a blip.
Here's to our employers. Ya done good.