ARC's 1st Law: As a "progressive" online discussion grows longer, the probability of a nefarious reference to Karl Rove approaches one

Friday, November 03, 2006

It's the Economy Stupid, Part II

Part I of "It's the Economy Stupid" here.

The Unemployment rate for the month of October is now at 4.4%. (That's 0.2% higher than Clinton's record low 4.2%. )

The unemployment rate fell in October to 4.4 percent from 4.6 percent in September. It was the lowest unemployment rate since 4.3 percent in May 2001 and was likely to fan concerns that labor markets are growing tight and could contribute to inflation pressures.

Average hourly earnings rose 0.4 percent to $16.91 - higher than the 0.3 percent that analysts had anticipated - while the average work week edged up to 33.9 hours from 33.8. Over the year, average hourly earnings have risen by 3.9 percent, the department said.

I won't hold my breath for the NYTimes to write its breathless praise for Bush's management of the economy.

Some news apparently isn't fit to print.

Your Co-Conspirator,
ARC: St Wendeler