In a report that has both good and bad news for the American workforce, February payrolls appeared to shake off analysts' cold-weather concerns, adding a solid 175,000 jobs and revising job counts for the prior two months up by a total of 25,000.
The much anticipated May jobs numbers were underwhelming but better than lowered expectations. All eyes are on the Fed and its likely response to the economic conditions. Will the Fed continue extraordinary monetary policy support?
Even with the looming fiscal cliff and the effects of Hurricane Sandy, the November jobs report contained some encouraging news: the number of jobs created was well above expectations at 146,000. November proved to be a mixed bag of good news and bad news.