With 227,000 jobs created in February, the third straight month that employers have added more than 200,000 new people to their payrolls, and unemployment levels having fallen steadily for the past seven months, President Obama’s assertion that the economy is getting stronger could be correct.
Not that it’s time yet to go high-fiving people on the street. There’s still a long way to go before Americans are out of the woods. But at least things are moving in the right direction. And consistently so.
Moreover, job creation is widespread: from retail to construction to manufacturing.
It’s a sign the economy is at last beginning to achieve some momentum of its own, heading toward that amorphous tipping point between recession and genuine economic upturn.