[MODUS A.D.] Employment up! Unemployment down! (Unexpectedly.)Payrolls rose 313,000 in February, compared with the 205,000 median estimate in a survey of economists, and the two prior months were revised higher by 54,000, Labor Department figures showed Friday.
Women and minorities hardest hit!
Black, Hispanic unemployment hit historic lows:
Just 6.9 percent of black adults were unemployed in February, according to the Bureau of Labor Statistics, the second-lowest such ratio since the agency has been keeping track.
Hispanic workers, too, are currently enjoying historically low rates of unemployment. At 4.9 percent in February, Hispanic unemployment is just a tenth of a percentage point above the historic low. [I presume we’re talking about legal Hispanic employment]
Not only that, but we’ve finally reversed the downward spiral of the labor participation rate:
An increase in the labor force participation rate to its highest level since September helped keep the headline unemployment number steady, as the number of those counted as not in the workforce tumbled by 653,000 to just over 95 million.
The total counted as "employed" in the household survey surged by 785,000 to a record 155.2 million.
Will this national nightmare never end!?! It’s all good news for America which means it’s all bad news for progressives.