The nation’s employers added 192,000 jobs in February,

[dtotire]

America’s job engine picked up some steam last month.



The nation’s employers added 192,000 jobs in February, after having added just 63,000 the previous month, the Labor Department reported on Friday. The February number, which was about what economist had been forecasting, represented the fastest job growth since last spring, when temporary hiring for the decennial Census lifted national employment.

“Economic recoveries can be like a snowball rolling down a hill, in that it takes time to get some momentum,” said John Ryding, chief economist at RDQ Economics. “People hesitate until they feel that the recovery’s durable enough, and then they have a tendency to jump in. Maybe we’re finally getting to that jumping-in moment.”

The unemployment rate ticked down to 8.9 percent, falling below 9 percent for the first time in nearly two years. This rate, which comes from a separate survey and is based on the total number of Americans who want to work, has remained stubbornly high over the last year despite payroll growth. That is partly because the size of the working-age population has grown, and because the promise of more job opportunities has lured some discouraged workers back into the labor force.


more:
http://www.nytimes.com/2011/03/05/business/economy/05jobs.html?hp

[Recursion]

1. The private sector added 222,000

The public sector cut 30,000. For once it's the public sector not pulling its weight.

[sinkingfeeling]

2. The public sector will be cutting a whole lot more in Ohio, Wisconsin, Indiana, etc. thanks to

the Tea Party and GOP.

[Recursion]

3. Sadly, yes (nt)