Greg Ip

Yeah, well, there's kind of two pieces to that jobs report.

Yeah, well, there's kind of two pieces to that jobs report.

Now, the first piece of that is that we actually revised a lot of the data from prior years.

Now, the first piece of that is that we actually revised a lot of the data from prior years.

And we discovered that for the last year and a half, two years, the job market has been way weaker than we first thought.

And we discovered that for the last year and a half, two years, the job market has been way weaker than we first thought.

For example, last year, we only created around 15,000 jobs per month, which I think might be the lowest rate of job creation in any year in decades outside of recessions.

For example, last year, we only created around 15,000 jobs per month, which I think might be the lowest rate of job creation in any year in decades outside of recessions.

But the good news is that the last month, January, was actually a pretty good month where we created 130,000 jobs.

But the good news is that the last month, January, was actually a pretty good month where we created 130,000 jobs.

So even though we've been in this period of very soft, stagnant hiring, there's a few hints out there that things might be picking up.

So even though we've been in this period of very soft, stagnant hiring, there's a few hints out there that things might be picking up.

So I suppose you could say it's a glass half empty, full story on the job market.

So I suppose you could say it's a glass half empty, full story on the job market.

For as long as you and I can remember, when presidents went into another country, they always had high-minded reasons, you know.

Oh, we need to restore democracy.

He's threatening his neighbors.

When George H.W.

Bush freed Kuwait from Iraq in 1991.

When George W. Bush went into Iraq in 2003, they explicitly disavowed any interest in taking Iraq's oil.