Comment on U.S. Bureau of Labor Statistics Employment Situation Report: Kathy Bostjancic, Director of Macroeconomic Analysis, The Conference Board
NEW YORK, March 8, 2013 /PRNewswire/ —
Surprisingly Robust Job Growth Ahead of Sequester
The labor market continued to improve in February, generating 236,000 new jobs and probably providing a needed boost to consumer sentiment. The big question was whether this much job creation can be sustained. The answer is now complicated by the budget cuts under the sequester. What is clear however, is that the labor market was gaining traction before the sequester. Now the question becomes how much of a setback can be expected and for how long. But the job growth through February underlines the fact that the private economy was improving and likely will come back to this growth path after it absorbs this new shock.
About The Conference Board
The Conference Board is a global, independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org
SOURCE The Conference Board