Economy Shows Improvement and Raises Hope

It seems strange to see Republicans bash the Democrats and Obama in saying that last year's government funded bailout has not worked, especially considering the most recent set of data that shows that it is indeed working.

The evidence is last months job loss report: 36,000 jobs were cut in February, keeping the unemployment rate at 9.7%.

The New York Times reported that "The economy lost fewer jobs than expected in February...bolstering hopes that a still-sputtering recovery was beginning to gain momentum."

According to the Washington Post, "Forecasters predicted the [unemployment] rate would rise from 9.7 in January to 9.8 percent in February."

Of course while job creation hasn't overcome job losses, this steady rate means that it is evening out and that it is likely the economy is turning around. In January the unemployment rate fell under 10%, which was also unexpected, another sign that the economy was on its way towards recovery.

Hopefully, in the coming months, it will become expected to see the economy improve and the unemployment rate drop.