Friday, February 3, 2012
The U.S. labor market grew in January at its most robust pace since last spring, a sign the economy’s momentum carried into the new year.
This is good news for President Obama’s reelection chances and bad news for Mitt Romney and the GOP.
Non farm payrolls rose by 243,000 last month, the Labor Department said, marking the biggest gain since April. The jobless rate fell by two-tenths of a point to 8.3%, the lowest it has been since February 2009.
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President Obama can take these numbers to the bank and a second term.
Good. There are millions of unemployed Americans and they are hurting. They need jobs to pay their bills, rent, mortgage and buy food. Let’s hope this is the beginning of a true recovery.