Malaise: Unemployment Up .1%

7.9%

According to Alan B. Krueger, the White House Chairman of the Council of Economic Advisers, this is an improvement although he again warned against looking too much at one month of statistics.

“While more work remains to be done, today’s employment report provides further evidence that the U.S. economy is continuing to heal from the wounds inflicted by the worst downturn since the Great Depression,” Krueger said in a statement. “It is critical that we pursue the policies needed to build an economy that works for the middle class as we continue to dig our way out of the deep hole that was caused by the severe recession that began in December 2007.”

Remember when 10 days after being sworn in as President for the second time Ronald Reagan kept blaming Jimmy Carter? Oh right he didn't because the economy was booming by then.

Old and busted: Forward! New Warmedoveredness: Eventually!

Your monthly jobs bummer: At this pace, the U.S. won’t get back to full employment until 2022 washingtonpost.com/blogs/wonkblog…

— Ezra Klein (@ezraklein) February 1, 2013

America, this is what you voted for. Enjoy.

posted by DrewM. at 11:36 AM

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