Ïîïóëÿðíûå ñîîáùåíèÿ

понедельник

The February jobs report was just the latest proof that the economy doesn't really care how much it confounds the messaging strategies of Washington's political class.

News that the economy created 236,000 jobs last month and that the unemployment rate fell to 7.7 percent, its lowest level in more than four years, caught nearly everyone by surprise after economists forecast perhaps 171,000 new jobs.

For President Obama, the seemingly nice surprise has a real downside: It could make his task of convincing Republicans that the economy is being harmed by their emphasis on deficit reduction, and specifically by the mandated sequester spending cuts, that much tougher.

That concern could be seen in a post on the White House blog by the chairman of the president's Council of Economic Advisers, Alan Krueger, who was speaking of Labor Department figures citing surveys of households and employers:

"It is important to bear in mind that the reference period for today's surveys was the week of February 10-16 for the household survey and the pay period containing February 12th for the establishment survey, both of which were before sequestration began. The Administration continues to urge Congress to move toward a sustainable Federal budget in a responsible way that balances tax loophole closing, entitlement reform, and sensible spending cuts. ... "

Blog Archive