The ‘Obama Miracle’ continues as unemployment rate drops again

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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.”

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including,,, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.