Jobs = Good

Scott Francis
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Well, that jobs report for January was better than expected (emphasis added):

The U.S. economy added 257,000 jobs in January, the Bureau of Labor Statistics reported Friday. Taken on its own, that would represent a solid number that continues a run of strong monthly job gains.

But don’t take it on its own. The real news in Friday’s report wasn’t what happened in January; it was what happened in the prior months. The BLS revised up its estimates for November and December job growth by a combined 147,000 jobs. November, in particular, went from a great month to a borderline historic one; set aside a one-month spike in hiring due to the 2010 Census, and the 423,000 jobs added in November were the most since March 2000.

The economy is consistently producing jobs now.  In a steady upward climb.  Rising employment will likely have a positive affect on a broad array of businesses that sell to consumers.  The trickle up aspect of the economy is a good thing once it gets going.

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