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Friday, March 31, 2023
CNS Unemployment Coverage Distortion Watch, Inability To Distort Edition

Once again, the employment news in February was so good that even writer Susan Jones was largely unable to portray it negatively (as is standard CNS policy for a Democratic president) for her lead article on it:

After a very strong showing in January, the nation's employment situation showed no significant softening in February, and that suggests the Federal Reserve may respond with another round of interest rate hikes.

The economy added a strong 311,000 non-farm jobs in February, well above estimates of 205,000, but well below the (revised) 504,000 non-farm jobs added in January.

As usual, notable job gains occurred in leisure and hospitality, retail trade, government, and health care. Employment declined in information and in transportation and warehousing.

The number of employed Americans set another record, the third once since December, increasing by 177,000 to 160,315,000 in February, which is up from 160,138,000 in January and 159,244,000 in December.

She even grudgingly admitted that the labor force participation rate -- Jones' favorite cherry-picked number -- increased to "62.5 percent in February -- up from 62.4 percent in January, and the highest it's been since Joe Biden became president."

The only sidebar was editor Terry Jeffrey complaining that "The number of people employed by government in the United States increased by 46,000 in February" -- as if government jobs aren't real or somehow a bad thing.

Posted by Terry K. at 2:35 PM EDT

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