Job creation broke out in February, with the economy creating a net 236,000 new jobs as the unemployment rate fell to 7.7 percent.
Private job creation stood at a robust 246,000, finally indicating that the economy may be ready to escape the tight growth range in which it has been held since the financial crisis.
Job Creation Surges as Rate Falls to 7.7%
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This is good news. However, we still have longterm issues with the manufacturing base erosion (not caused by Obama). A healthy manufacturing base is 30%, 20% is doable, we are at 8%. That is horrendous. Agriculture is another area. The corporate farms have strunk the agriculture work force (and that is not a bad thing), but agriculture makes up 1% of the workforce, that needs to increase also.
With inflation and taxation eating away at personal wealth, more Americans live paycheck to paycheck and not saving. What does a job matter if it can't pay the bills?