Today’s Labor Department Jobs Report showed that the unemployment rate in February remained constant at 8.3% and 227,000 jobs added to the labor force.
The economy and President Obama’s positive approval ratings are improving. Auto sales and retail sales are up, new claims for unemployment compensation are down and Congress appears likely to pass the payroll tax cut extension.
The February jobs report is the best since the recovery began; unemployment went down from 8.5% to 8.2%; 257,000 private-sector jobs were added and black unemployment declined from15.8% to 13.6%.
The tax disclosure of Mitt Romney , showing he paid just 14% on $21 million of income, improving economic conditions and the rising approval ratings of the President are potential obstacles to the Republican’s bid for the White House.