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|Moment of Zen - Glenn Beck Warns of the World Imploding|
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The 36,000 job gain estimate from January 2011 was revised upward to 63,000 along with a gain of 192,000 in February. These increased job gain numbers seem to be more in tune with the decrease in the unemployment rate from 9.4% to 9.0% in Jan to 8.9% in Feb. There may have been irregularities in the sampling for the employment survey last month. The rate which includes underemployed and discouraged workers also decreased from 16.1% to 15.9% in Feb. This is good news and future months will tell if this is a trend.
All the new governments in the Middle East will have to manage this problem just as every other.