Economic Update: Jobs Higher than Expected

The U.S. economy added 262,000 jobs in February, while the unemployment rate rose to 5.4%, due to an increase in the workforce. The payroll number was well above the forecasts of economists, who had expected 225,000 new jobs in February.

The report should bolster the stock market, which has not performed as well as the economy over the past few quarters. I think this might be the report needed to fuel the Dow Jones over the psychologically important 11,000 number.

Every time I read a positive economic report, I realize that this could have been called the "Kerry Economic Rebound" if things turned out differently in November.