"As Job Creation Increases in February, Economists See Signs of Spring Thaw"
By: Nelson D. Schwartz
Source: New York Times
In the past three months, jobs have been increasing at an outstanding rate in the month of February. During the span of the months of December and January, experts concluded that the mediocre creation of jobs was due to the hard winter, not a fundamental downshift. Although during the month of February employers hired 175,000 workers, it is still far from returning to the economy to full time employment, but it was double the amount hired in December. Barclay's chief United States economist Dean Maki said, "The report showed solid job growth in February despite clearly negative effects from the weather. It suggests that the job numbers should improve as the weather gets better." Although the unemployment rate rose 0.1 percent leveling out to a 6.7 unemployment rate, economists are optimistic about the upcoming weather hoping for jobs to keep coming about for those and gradually lower the rate. At the beginning of 2013 the unemployment rate was at 7.9 and dropped to 6.7 to this day, but other factors remain unconvincing, such as the level of long-term joblessness and the proportion of Americans in the work force. At this point, being optimistic about the unemployment rate improving is the way to go, even if it is based on the weather.
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