The Wall Street Journal's panel of economists is universally cheering today's jobs report. A few samplings:
- "Our quick read through of today’s report shows that this is unquestionably a positive report in nearly every way...."
- "This is a game-changer. Right on cue..."
- "It’s hard to find much not to like in today’s jobs report. Strength is everywhere..."
- "The January employment report is a blow-out number. It is strong in virtually every way that it could be...."
Some right-wing skeptics -- Human Events, Washington Times -- are pointing to the drop in the labor participation rate, but another story from the WSJ suggests that this is due to retiring baby boomers.
What is the conservative response? That things would simply be even better under Republican rule?