Here’s more bad news for the Democratic Party and its attack dogs:
Unemployment Continued to Fall in October
The Labor Department reported Friday that payrolls grew by 126,000 last month, significantly more than the 50,000 new jobs that economists had predicted. That followed a revised 125,000 new jobs in September, which initially was reported at 57,000.
All of those whose response to third quarter GDP growth was “where’s the jobs?” should take note, eat crow, and find a new issue.
Via Steve, who has charts and graphs.
LOL!
Where’s the number of discouraged workers? The “unemployment” rate doesn’t count ’em! This data’s been cooked for years- ever since the lengthy Reagan recession. The “real” unemployment rate- the one that considers discouraged workers, under-employed, and so forth, is closer to 9.8%.
Here is a good analysis of why the Krugman haters get it wrong again.
Consumer credit is through the roof, there’s a looming capital crunch, interest rates are headed way, way up “with a bullet,” and, like all other forecasts recently from this regime, this too will be revised in a couple of months- DOWNWARD.
Consumer credit is through the roof, there’s a looming capital crunch, interest rates are headed way, way up “with a bullet,” and, like all other forecasts recently from this regime, this too will be revised in a couple of months- DOWNWARD.
sigh.
let me guess; you’ve got ‘quagmire’ tattooed to your forehead too? never let numbers get in the way of doom & gloom prophecies…
only one way for to be absolutely certain about what’s going to happen: wait for it to happen. until then, you’ll have to excuse me if i tend to think krugman’s indicators tend to work best in reverse.
The economy needs at least 170,000 new jobs per month in order to grow, and this “growth rate of 7.2%” hasn’t even kept pace with the expanding work force.
OK, don’t believe my numbers…just try getting a new job…
I just did get a new job, JJJ. In Clark County, Washington, local officials say “the recession is over”.
There’s been a net increase of 350,000 jobs in the last three months, so all in all this is a pretty darn good time to get work if you don’t already have some.
By the way, we use our real names when posting here.
By the way, we use our real names when posting here.
mr. bennett, i realize ‘harm d.’ may reek of nerdy faux-gravitas, but it also happens to be my real name, harm c. diaz the first.
best luck w/ your new job.