Real Estate Investor Up Close

Stand and Deliver Economists have been saying for several months that the labor market is due to break out of its slow-growth trajectory, and for several months they had been wrong as the monthly employment reports from the Labor Department fell short of expectations. Other indicators pointed to stronger growth, which gave the optimists – including the stock market – an excuse to shrug off the disappointing employment data. But lurking in the shadows was a fear that job growth could stay weak because regulations and taxes discouraged employers from hiring at the same time that the recession had taught them how to keep profits high with smaller headcounts. Finally we got a report that lived up to expectations. The Labor Department announced this morning that employers added 192,000 net new payroll jobs in February comprised of 222,000 private sector jobs and a loss of 30,000 state and local government jobs. This was the strongest report since May 2010 when temporary hiring for the 2010