I was really happy to hear about the great jobs report that came in yesterday. For those of you who didn’t hear, the U.S. economy added more than 240,000 jobs in January, about 100,000 more than experts had predicted. The unemployment rate dropped to 8.3%, the lowest it has been in about three years. Most encouraging from my standpoint is that of the jobs added, 50,000 were in the manufacturing sector. Now I will leave it to others to decide who deserves the credit/blame/kinda blame for the jobs situation in this country. Many commentors noted that the unemployment rate number is fairly dodgy to accurately peg given the fact that some many members of our extended American family have given up even looking for work, and therefore don’t show up in the class of unemployed workers whose numbers are used to set the unemployment figure. But good news is good news and I am happy we finally have a bit to celebrate.
Having received the world’s most useless Bachelor’s degree, Political Science, I am often drawn to Foreign Policy magazine articles since I used to have to read them as a research source while at the University of Washington in my youth, many decades ago. I recently came across an article in Foreign Policy by Clyde Prestowitz on Apple. I have done quite a few posts on Apple in the last few months and did one on the statements by Apple executives in the New York Times article from two weeks ago. Anyway, Prestowitz also read that article and has very useful observations on the statements of the Apple executives based on his experience in dealing with Apple over the years. Enjoy.