NEW YORK (CNNMoney) - The job market strengthened in July, a welcome piece of good news that sharply contrasted other recent data pointing toward an economic slowdown.
Employers added 117,000 jobs last month, easily topping the 75,000 gain economists surveyed by CNNMoney had predicted. And the unemployment rate improved slightly to 9.1 percent.
But even more difficult is making a comittment of hiring new employees when there are just negative signs about the future of the economy.
Most of the negative signals are coming from the right. Gloom and Doom.
Four and the Door,
American businesses saw that Republicans were going to risk the economy to force spending cuts, which take money out of the economy. They know that Republicans are damaging their brand so much in the debt ceiling fight that they will be finished in the 2012 election, and the Bush tax cuts will be history after 2012. Because they know that Republicans won't be mucking up the economy after the 2012 election, they can go ahead and plan for the future with certainty.