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Friday, March 9, 2012

Good NFP News Again

The non-farm payroll numbers came out today, and they are good, 227,000 more jobs in February, though unemployment did not fall, it's still 8.3%, because about a quarter million people started looking for a work again.

Additionally, the numbers for December and January numbers were revised up.

Clearly good news, and as it's now 3+ months, I think that we can rule out the numbers being an outlier.

Of course, if the continued war against the rest of Europe by the Germans takes out Spain or Italy, all bets are off.

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