The Corner

Unemployment Falls to 4.7 Percent

Okay, now I’m really confused. A week ago we were hit with the bewildering news that the economy had only grown 1.1 percent in the fourth quarter last year. Now comes word that payrolls grew by nearly 200,000 last month and the unemployment rate has fallen to a 4-year low. A tightening labor market and a slowing economy? Nuh-uh. Something’s very wrong here.

John Podhoretz, a New York Post columnist for 25 years, is the editor of Commentary.
Exit mobile version