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The Editors

Jobs Growth Is No Excuse to Kill the Recovery

April 6 (Bloomberg) - Today’s disappointing jobs report highlights an important point about the state of the U.S. recovery: It’s not so strong that the country’s politicians couldn’t kill it off.

Almost three years after it hit bottom in mid-2009, the economy has recently been showing signs of entering a virtuous cycle in which rising employment, consumer spending and business activity reinforce one another. Even with March’s relatively meager 120,000-job increase in nonfarm payrolls, the three-month average gain comes to about 212,000. That’s more than enough to make a dent in the unemployment rate, which fell to 8.2 percent in March from 8.3 percent in February.