The Daily Biz

Woohoo!  The national unemployment rate dropped to 8.9% in February, its lowest point since April of 2009.  Check out the lack of “yes, but”s that I gleaned from a CNNMOney.com article:

• The drop was NOT caused by people giving up hope.  The number of people who do not count as “unemployed” because they aren’t looking for work remained steady at 2.7 million.
• The drop was NOT caused by temporary government hiring.  Quite the opposite- state and local governments cut 30,000 employees. 
• The drop was NOT expected!  CNN’s analysts had predicted a rate around 9.2%. 

This is a huge positive sign for the economy with virtually NO hidden downside.  So stop reading now.

…because oil is heading back up again and it caused the Dow Jones Industrial Average to plummet 1.2%.  Oy.  It’s the weekend, folks.  Let’s all head out and party until we forget that last bit.

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