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EJ Antoni is an economist and fellow at the Heritage Foundation, whose research focuses on fiscal and monetary policy.

And it’s the long term which counts

Non-Farm-Payrolls surged 236,000 in February, ahead of expectations of 165,000. Unemployment went down to 7.7 percent as professional and business services added the most jobs. Unemployment is now at the lowest it has been since the end of 2008.