The Labor Department reported today that state unemployment rates have stabilized. Sixteen states reported that their jobless rate was unchanged in February, seven reported declines and 27 reported increases. That compares to 30 states that reported increases in January and 43 reporting increases in December.
Additionally, in a new survey of economists from Thomson Reuters, economists are projecting that the economy will create more than 150,000 new jobs this month.
There are still few signs of widespread and consistent job growth but we appear to be turning the corner to slowly begin to add jobs rather than cut them.