Monthly jobs figures just released this morning showed a strong increase in private sector job creation in January, with a net of 243,000 jobs created. The numbers were so good, in fact, that they lowered the unemployment rate from 8.5% to 8.3%, the lowest in about three years. The Labor Department also reported that this marked the 7th straight month of adding at least 100,000 jobs since 2005.
This is great news, but as we've said before, the economy is dependent on such external factors as world oil prices, the European debt crisis, and even big natural disasters. However, it is becoming clearer than ever that the President's stimulus package and his economic policies have worked, contrary to the false statements by his Rethuglican adversaries. Expect the Rethugs to continue their obstruction in hopes that the American economy declines before election day.
