February added 175,000 jobs, beating analyst expectations of 150,000. Although the unemployment rate ticked up a tenth of a percentage point to 6.7% as the workforce grew larger thanks to more people encouraged at the prospect of a brighter economy, last month saw the capping of 48 months of continued private sector jobs growth under President Obama that broke the record job losses of the Great Bush Recession. In the last 4 years, the private sector added 8.7 million jobs.
In that time, even more impressive, the unemployment rate dropped from 9.7%, wrapping a high of 10.2% in October of 2009.
The weather took a toll on unemployment, as did the Republican obstructionism on jobs. The president's economic policies have carried us through and recover from the the worst economic disaster since the Great Depression, and yet the Republicans are still doing everything possible to obstruct the president's jobs agenda by refusing to invest in infrastructure, raise the minimum wage, or extend unemployment benefits. Had Republicans chosen to cooperate with the President's American Jobs Act, for example, the economy would be seeing an additional 2 million jobs today.
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