While news last Friday from the Bureau of Labor Statistics that unemployment remained unchanged and that 227,000 jobs were created in February shows that the Obama-induced stimulus slide in the economy has slowed, it also contains some significant bad news for the president.
As the labor participation rates edged back up, the number of people without jobs also edged up a bit too from 12.758 million to 12.806 in the last month. And while the 227,000 jobs created for January is better than less-than-200,000 jobs that we have come to expect, much of the gain is in temporary employment, signaling perhaps, at best a bottom for labor.
But what it’s not signaling most certainly is a robust recovery.
However they cook the books, it's not helping Obama either at the polls or the pump.
As the Washington Examiner's Michael Barone writes: