…is the possibility that this White House will read no further than the reduction of the U-3 rate down to 8.6%, and conclude that they’ve done something right. When what instead happened here, based on general observations of people on my Twitter feed who know more about unemployment statistics than I do*, is that we’re seeing a combination of reduction in workforce, seasonal hiring, and revision of past numbers finally catching up with us. If none of that sounds particularly great, well, it’s not. The AP ‘s college-try spin to the contrary.
But enough negativity: if the White House would like to give the economy a real shot in the arm, there’s actually an easy way to do that. TURN THE KEYSTONE PIPELINE PROJECT BACK ON. And energy production generally.
*There are quite a few people out there who qualify.