Unemployment drops to 8.6% – just as I predicted

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The U.S. labor market strengthened last month, adding 120,000 new jobs and pushing the unemployment rate down to 8.6%.

The rate is now lower than at any point since March 2009, when it was 8.6% as well.

This is exactly what I predicted would happen. Last month, I wrote:

Despite some serious concerns concerns about ferocity, velocity and volatility in today

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, 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.