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Unemployment sinks to 5-year low (11/3/06)
CNNMoney ^ | 11/3/06 | Chris Isidore

Posted on 03/07/2010 5:22:15 PM PST by originalbuckeye

NEW YORK (CNNMoney.com) -- The unemployment rate fell to the lowest level in more than five years in October, the government reported Friday, a sign of unexpected strength in the job market. The jobless rate sank to 4.4 percent from 4.6 percent in September, the Labor Department said. It was the lowest since May 2001. Economists had forecast the rate would hold steady. The department also said that employers added 92,000 jobs in October, down from a revised 148,000 in September, and short of Wall Street forecasts for a gain of 125,000. But the September reading was revised up from the originally reported 51,000, and the increase, together with a revision to the August reading as well, had employment up 139,000 above earlier estimates heading into October. Those revisions and the modest October gain mean that 1.5 million jobs have been added so far this year, which is above forecast by most private economists, and blunts the effect of the modest October gain. The Bush administration hailed the report, but one political analyst said it wasn't likely to help Republicans facing tough elections battles on Tuesday. Polls indicate the economy isn't the top issue in the midterm elections. State-by-state unemployment rates The tighter job market is apparently helping to lift wages, according to the Labor Department report, which showed that average wages rose 6 cents to $16.91 an hour last month, a shade above what economists had forecast. Average wages are now up 3.9 percent over the last 12 months while the Consumer Price Index, the government's main inflation gauge, is up 2.1 percent for the 12 months ending in September, partly due to the recent sharp decline in oil prices.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Government; Politics/Elections
KEYWORDS: 2006; bushlovfest; repost; unemployment
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To: originalbuckeye
Food for thought, OB.
I thought this thread, "Michigan's jobless rate rises to 8.9 pct in August 2008" was depressing...
The rate for 2009? 13.6 percent.
21 posted on 03/07/2010 5:52:02 PM PST by MaryFromMichigan
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To: originalbuckeye

Yeah, I was going to ask what year this was beamed out of!


22 posted on 03/07/2010 5:53:25 PM PST by HiTech RedNeck (I am in America but not of America (per bible: am in the world but not of it))
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To: originalbuckeye

I’m going to send this to my dumbass brother & even more stupid sister-in-law, both of whom voted for 0bozo the commie pig, because 0bozo (according to my dumbass brother) was going to “fix” the economy. We have not really been on speaking terms since Oct 2008. I guess he must not have liked it, when I referred to he & his wife as dumbass morons. I don’t understand it? LOL


23 posted on 03/07/2010 5:54:34 PM PST by rcrngroup
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To: Jet Jaguar

Glad someone is showing this stuff...thanks.


24 posted on 03/07/2010 5:55:03 PM PST by ez ("Abashed the Devil stood and felt how awful goodness is..." - Milton)
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To: Brilliant
The economy went downhill right after Nancy the Pelosi became Speaker.

Can you think of a better basis for GOP political advertisements?

.

25 posted on 03/07/2010 5:57:51 PM PST by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Jet Jaguar

Another great chart!


26 posted on 03/07/2010 5:58:16 PM PST by rcrngroup
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To: Jet Jaguar

Another great chart!


27 posted on 03/07/2010 5:58:41 PM PST by rcrngroup
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To: icwhatudo

That Federal Deficit literaly gives me a chill up my spine. Those S.O.B.s


28 posted on 03/07/2010 5:59:16 PM PST by 21twelve (Having the Democrats in control is like a never-ending game of Calvin ball. (Giotto))
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To: originalbuckeye

I sure miss ‘The Salad Days’ of 2006! *SMIRK*

U-6 figures are nearing 20% That’s counting everyone currently laid off, people who are marginally employed (they’d work MORE hours if more hours were AVAILABLE to them) and those that have just flat-out given up on finding a job anymore.


29 posted on 03/07/2010 6:10:25 PM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
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To: 21twelve
"That Federal Deficit literaly gives me a chill up my spine."

You are right to feel that way. This is economic warfare and we are we are up the creek.

30 posted on 03/07/2010 6:10:41 PM PST by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: icwhatudo

Tell me again why certain ‘movement’ types insisted the republicans needed to be punished.


31 posted on 03/07/2010 6:11:41 PM PST by Carley (Are you better off now than one year ago? HELL NO!!!!!)
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To: ez
Glad someone is showing this stuff...thanks.

This asshole should be pushing this information out to the public.

.

.

Does anyone who what he does, other than promoting his stupid book?

.

32 posted on 03/07/2010 6:16:43 PM PST by Cobra64
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To: Carley
"Tell me again why certain ‘movement’ types insisted the republicans needed to be punished."

Because they do not reverse big government grabs, the loss of freedoms and socialist policies in general that lead to huge deficits, creeping taxation and the destruction of the constitutional republic.

The charts reflect Americans ability to bounce back when they have hope of a turn around. If the government and their lobbyist friends (including big government Republicans) takeover health care...you can forget about ever seeing that chart go up again.

33 posted on 03/07/2010 6:22:38 PM PST by Earthdweller (Harvard won the election again...so what's the problem.......?)
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To: Jet Jaguar

Can you give me the link for this? I want to post it on a Dem biased website.


34 posted on 03/07/2010 6:23:33 PM PST by Beowulf9
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To: Beowulf9

http://images.google.com/imgres?imgurl=http://rightamerican.files.wordpress.com/2009/10/unemployment.jpg&imgrefurl=http://rightamerican.wordpress.com/2009/10/23/unemployment-rate-over-last-25-years/&usg=__wWw2Hahu1GaMVBAN6VK6PblEmkY=&h=875&w=1462&sz=110&hl=en&start=1&um=1&itbs=1&tbnid=Nwn7OaNfdDoaVM:&tbnh=90&tbnw=150&prev=/images%3Fq%3Dunemployment%2Brate%2Bover%2Blast%2B25%2Byears%26um%3D1%26hl%3Den%26safe%3Doff%26sa%3DN%26tbs%3Disch:1

Try this. Sorry it is so long.


35 posted on 03/07/2010 6:27:06 PM PST by Jet Jaguar
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To: Diana in Wisconsin

I hear you about the “salad days.” Thankfully (knock wood) my husband is still gainfully employed. I thought I’d get a part-time job to supplement our income. There is NOTHING out there. I divided a bus load of plants from our garden and sold them at a garage sale last year. Looks like I’ll be digging a few more...


36 posted on 03/07/2010 6:58:11 PM PST by mplsconservative (0bama = Epic Fail)
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To: Jet Jaguar

Cute chart. Thank you!


37 posted on 03/07/2010 7:01:11 PM PST by Pollster1 (Natural born citizen of the USA, with the birth certificate to prove it)
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To: Jet Jaguar

For later read


38 posted on 03/07/2010 7:01:22 PM PST by Go Gordon (Obama - He has nothing to say, but will say it anyway)
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To: rlmorel

OOh we should make that one into a 3”x4” sticker and put it on every gas pump we pull up to.


39 posted on 03/07/2010 7:40:09 PM PST by Boiling point (Beck / Palin 2012)
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To: Jet Jaguar

Part of this graph especially for 2007-2008 is the result of Democrats also raising the minimum wage quite a bit and it was a contributing job-killing factor to rising unemployment even prior to the October 2008 stock market tumble.


40 posted on 03/07/2010 7:45:10 PM PST by tflabo (Restore the Republic)
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