Gateway Pundit has a roundup on the latest unemployment news, including this from Reuters:Employers added 227,000 jobs to their payrolls last month, the Labor Department said on Friday, while the unemployment rate held at a three-year low of 8.3 percent.
It marked the first time since early 2011 that payrolls have grown by more than 200,000 for three months in a row – bolstering President Barack Obama’s chances for re-election.
The economy created 61,000 more jobs in December and January than previously thought, and the jobless rate held steady even as more people returned to the labor force.
Although the job market is gaining some muscle, the pace of improvement remains too slow to do much to absorb the 23.5 million Americans who are either out of work or underemployed.
Fed Chairman Bernanke last week described the labor market as “far from normal” and said continued improvement would require stronger demand for U.S. goods and services
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