More on the supposedly jobless recovery
The U.S. economy added more than twice the number of jobs expected in October, the third straight monthly gain, and the jobless rate fell, the government said on Friday in a report pointing to a labor market recovery.
The Labor Department also made substantial upward revisions to payrolls for August and September, a sign sizzling economic growth in the third quarter translated into more jobs.
The number of workers on U.S. payrolls outside the farm sector in October soared 126,000, the largest rise since January, after climbing 125,000 in the previous month. The number far outstripped analyst expectations for a 58,000 gain.
November 7th, 2003 at 11:05 am
Cool! Now if we just add 2,349,000 more jobs, Bush will be back to break-even!
November 7th, 2003 at 11:09 am
Well, we already know that the 1990s boom was exceptional. And, as i’ve said before, the government doesn’t control the economy.
November 7th, 2003 at 12:24 pm
If the government doesn’t control the economy, then Clinton can’t be blamed for the recession, and Bush can’t take credit for the recovery (if it indeed recovers). Correct?
November 7th, 2003 at 12:31 pm
Have i ever said otherwise? Nope. I’ve said the opposite quite often.
November 7th, 2003 at 12:52 pm
Just making sure. 😉