Don’t worry, Republicans already have a plan to sabotage this.
The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.
Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent - the lowest since February 2009 - from 8.5 percent in December.
The gain in employment was the largest since April and it far outstripped the 150,000 predicted in a Reuters poll of economists. It hinted at underlying economic strength and lessened chances of further stimulus from the Federal Reserve.
“More pistons in the economic engine have begun to fire, pointing to accelerating economic growth. One of the happiest persons reading this job report is President Obama,” said Sung Won Sohn, an economics professor at California State University Channel Islands.
Good for Obama, good for wages, good for workers. Clearly, something must be done to stem this looming disaster.
Luckily, the GOP has a plan in the works guaranteed to increase unemployment and reduce consumer demand. We just have to fire a buttload of federal workers and that’ll help turn things for the worse again.
Now all they have to do is figure out which hostage to take to get President Obama to sign it.
Source: reuters.com
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