Center for American Progress

Job Growth OK for Now but Sequester Hasn’t Hit Yet
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Job Growth OK for Now but Sequester Hasn’t Hit Yet

New U.S. Bureau of Labor Statistics data provide some welcome good news, as employers added 236,000 new jobs in February and the unemployment rate dropped from 7.9 percent to 7.7 percent.

Authors

  • Heather Boushey

New U.S. Bureau of Labor Statistics data provide some welcome good news, as employers added 236,000 new jobs in February and the unemployment rate dropped from 7.9% to 7.7%. Even though government cutbacks have slowed economic growth over the winter, this drag on the economy has not resulted in slower employment growth.

I wouldn’t break out the champagne yet, however, as the sharp cuts in government spending implemented a week ago today will add roadblocks to recovery.

The above excerpt was originally published in MarketWatch. Click here to view the full article.

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Authors

Heather Boushey

Senior Fellow