Obama Hails Economy as Great

Warming signs on the horizon

While 90 million Americans are still out of the workforce, President Barack Obama hailed Friday's jobs numbers as "pretty darn great." Obama made the comments on news that 242,000 jobs were created in February.

CNBC reported that the labor market has expanded as more people began looking for work, a positive sign in the economy but not enough to reverse the years-long growth in those that had given up looking for work, artificially lowering the unemployment rate.

There are other warning signs as well including global uncertainty. Major investor Jim Rogers called it a 100% certainty that the United States will enter a recession within a year.