The ‘Obama Miracle’ continues as unemployment rate drops again
The U.S. economy added 243,000 jobs in January — the fastest growth since April, according to the Wall Street Journal.
The unemployment rate fell by two-tenths of a percentage point to 8.3%, the lowest it has been since February 2009. Economists had forecast a gain of 125,000 in payrolls and for the jobless rate to remain at 8.5%.
Steve Benen: “After years of jobs reports that were only considered encouraging when compared to where we’ve been, January’s totals is objectively good news. Indeed, this is one of the best — if not the very best — jobs reports since the recession began four years ago.”
Ezra Klein: “The bottom line is that this isn’t just a good jobs report. It’s a recovery jobs report. It’s showing the sort of numbers that win elections.”
Obama’s economic stimulus saved us from depression, and now his long-term policies are leading us to recovery, despite Republican obstruction at every turn. Now the GOP doesn’t know how to handle the good economic news. They’ve been hoping for continued bad news, since they don’t have any solutions or positive ideas of their own. They will lose the next election badly, because the people are realizing they have nothing to offer but hyper-partisan politics.