[Ed. – Drat the luck. The job market is recovering.]
Now we know why the Democrats who run all of Washington are so eager to rush through their $1.9 trillion spending bill without negotiating with Republicans. They’re afraid the economy is improving so fast before it passes that Americans might begin to wonder why Congress needs to spend all that money.
That was the story Friday as the Labor Department reported an encouraging 379,000 net jobs in February. Private payrolls were up an even more impressive 465,000. Add net upward revisions of 38,000 for the two previous months, including 117,000 more jobs in January, and the U.S. labor market has clearly shaken off its winter slowdown.
Most job growth came from service industries as the pandemic lockdowns ease in most states. Leisure and hospitality created 355,000 new jobs in the month as restaurants and bars opened further.