February unemployment drops to 8.9%

The Bureau of Labor Statistics (BLS) monthly employment report notes joblessness declined to 8.9% in February, with a net job creation of 192,000 jobs despite heavy cuts in state and local government employment due to state budget shortfalls. The WaPo story is here.

Doomed, but not forgotten

WaPo columnist Harold Meyerson penned a pessimistic piece postulating potential passage of labor reform has for the forth time been doomed by dallying Democrats. I think he's right. EFCA is certainly dead. Whether reform occurs by legislation or NLRB action remains a long shot. Hand-wringing about recess appointment of Craig Becker draws ire and comparison to Bush appointments.