for a closer look at today's jobs numbers, i am joined by diane swonk. senior managing director and chief economist for mesirow financial. >> diane, welcome back to the "newshour". so, despite the miserable weather, job creation was up. how do you explain it? >> well, actually, february is the beginning of a hiring spree for most firms. vaccinesly, it's when we tend to have a big upswing even during the height of the crisis in 2009, february had the least losses. it is the time w start hiring, particularly in the education sector. this is encouraging because we'd seen draconian cuts of teachers during the last several years as state and local governments tried to balance their budgets. finally, we did see teachers come back in this month and that's very good because it means balance sheets are healing at state and local level. wele also saw an imprint of the weather on the composition of job growth, so call it migration and hibernation. we saw department stores actually lay people off because people were not walking through the malls or going out. it was

as you heard, i spoke to diane swonk.h these stagnant wages and other things pushing down on the middle class, is this executive memorandum really going to make only onence? >> the margins. it won't apply to people who are working part-time because what this really does is make more people eligible for overtime, not guarantee that they will get it. is not guarantee that they will be working more hours. we don't really have good figures on, and people do. are if you raise it to $1000, you might get 5,000,000-10,000,000 people a year. dean, thanks for your time. the president said overtime is a simple idea. if you have to work more, you should get paid more. what is the impact on small business? >> it's really hard to see that having too much impact. were talking about people who are salaried. people in the weight range we are talking about, people earning between $10 an hour-$20 an hour. these people are mostly paid by the hour. au're talking about relatively small amount of workers. if they're not paying overtime, they're