Cross-posted at Comeback Decade
Today’s jobs report reveals that more than 8.5 million jobs have been created in the private sector since Obamacare was enacted in March 2010, a dramatic turnaround from the loss of 3.6 million private-sector jobs in the decade before Obamacare.
Today’s positive report could prove particularly awkward for Speaker John Boehner, who seemed to be hoping for bad news to save the Republicans’ increasingly implausible “job-killing” talking point:
Tomorrow we’re going to get another jobs report and it’s expected to be disappointing – again. The truth is, Americans don’t need a new report to tell them what they already know. This is not what an economic recovery feels like….Today: Positive Jobs News
One of the things that weighs down this economy is the president’s health care law.
The U.S. economy added a solid 175,000 jobs in February, despite harsh winter weather that many analysts expected would curtail hiring, according to government data released Friday morning….A closer look at the monthly jobs numbers shows how America went from losing nearly 800,000 private-sector jobs a month at the end of the last Republican Administration to gaining jobs again within a year of President Obama signing the 2009 Recovery Act (the Stimulus). And since the President signed the 2010 Affordable Care Act (Obamacare), the economy has been creating an average of 180,000 private-sector jobs a month:
A major snowstorm hit much of the eastern United States just before Valentine’s Day, when the government was surveying businesses about their hiring plans. That was expected to throw a wrench in February’s data, yet it still beat Wall Street’s expectations.