First, these jobs are mostly in the service sector. Manufacturing jobs are still going down the drain. Second, its the holiday season. There is always a jump in jobs this time of year. Third, there was a similar jump to this last year at exactly this time and it went the way of the dinosaur. Fourth, 2.4 million more to go before we are back at square one.
I'm not saying that the economy is not going to recover nor that this might not be the start of that recovery. However, the highly political election cycle starting has got everyone jumping the gun on issues like this. A sudden surge (especially this time a year) means nothing. However, it is a good sign that this year followed normal annual trends in the job market. That being said it could be taken as an indicator of a return to normal affairs which could imply that the down turn is over. Ultimately, I am glad many Americans are returning to work but we have a long way to go to get the rest of the recently unemployed back to work AND at the same level of pay they were receiving in the Clinton years. Whats more, there is no sign that Bush's tax cuts had anything to do with this beyond the most simplistic of conjecture. I find it very humorous to see the same people that touted the 10 year doctrine for economic change now trying to credit this recent upturn to a year old policy.
__________________
"The courts that first rode the warhorse of virtual representation into battle on the res judicata front invested their steed with near-magical properties." ~27 F.3d 751
|