The economy added 236,000 jobs and the unemployment rate dropped to 7.7%, the lowest it's been since December 2008.
It was also one of those rare occasions under President Obama when an economic indicator actually outperformed expectations. But while everyone welcomes good news on the jobs front after years of sluggish-to-nonexistent growth, the country is still a long, long way from "mission accomplished."
If anything, there are still some deeply troubling signs in the labor force that the February numbers have not dispelled. While the country gained 236,000 jobs, the ranks of those not in the labor force — people who don't have a job and stopped looking — swelled by 296,000.
Job Growth Continues to Be Outpaced By Those Leaving The Workforce - Investors.com
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