Today’s report from the Bureau of Labor Statistics shows that the economy continues to recover — albeit slowly — with 227,000 jobs created in February. The number of jobs created in December and January were also revised upwards, adding more than 60,000 jobs to total employment. The wider U-6 measure of underemployment fell below 15 percent for the first time since January 2009.
The economy has now added 1.2 million jobs in the last six months, the best six month stretch since 2006. The private sector has had nearly two years of job growth. However, the Republican National Committee, in a statement released shortly after the jobs report was made public, claimed that the economy is “clearly not improving“:
Today’s jobs report is yet another reminder that far too many Americans are out of work, and the situation is clearly not improving. Millions of families continue to feel the pain of the sluggish Obama economy and the rising cost of gas, groceries, and healthcare. They are still waiting on President Obama to keep his promise of an economic recovery.
The RNC, of course, called for spending cuts and entitlement reform to somehow boost the economy. Speaker of the House John Boehner (R-OH) called for many of the same things in his reaction to the jobs report. This, despite the fact that Europe has been trying the austerity track for months now, and the result has been nothing short of disastrous.