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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 ( -- 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 ...

TOPICS: Government; Politics/Elections
KEYWORDS: 2006; bushlovfest; repost; unemployment
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To: Jet Jaguar

Great chart.

41 posted on 03/07/2010 7:48:26 PM PST by Sister_T (Stealing from the rich to give to the poor is still stealing ... Exodus 20:15)
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To: originalbuckeye

And in response the one of every two persons you see on a daily basis put a San Francisco Marxist named pelosi two heartbeats from the presidency.

Of course the incompetent fossils that pass for GOP “leaders”
wouldn’t dare mention that everything went to hell after the socialists took power in 2006, but that only because their Alzheimers is kicking in and they forgot .

God save us from the imbeciles that surround us and give us the strength to neutralize them

42 posted on 03/07/2010 7:53:06 PM PST by Rome2000 (OBAMA IS A COMMUNIST CRYPTO-MUSLIM)
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To: All
Both my parents, Conservative to the core, have passed on. I have one sister, a Socialist (how she describes herself) and two Leftist brothers. My older Leftist brother was visiting this weekend. I tried to show him about the unemployment rate but he got so angry he stalked out and went to bed. There are citizens who were brought up right but who will not see the truth. The 60’s did so much damage to our National psyche. Some from that era will never recover. I am sad to say that our nation's survival depends on those of us who remember why our country was founded and has thrived for the last 2+ centuries. I wasn't able to show my brother the statistics of unemployment. He is a true Kool-aid drinker.
43 posted on 03/07/2010 8:18:44 PM PST by originalbuckeye
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To: Incorrigible

Facts? Facts don’t matter to Leftists. They consider facts to be something manufactured to interrupt their reverie of possible Utopia.

44 posted on 03/07/2010 8:20:15 PM PST by originalbuckeye
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To: originalbuckeye

My story is kind of the reverse, a kid born to a far left liberal couple. I have three siblings, two of which are still moonbats, I was the first to turn to the dark side and fortunately brought one with me.

45 posted on 03/07/2010 8:22:07 PM PST by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: DoctorBulldog
Yes. My son graduated high school in 2005. In his History class they were shown a ‘documentary’ from the early 80’s about America narrated by Cronkite. My son was shocked at how biased it was. I told him that we didn't realize the Left-wing bias of the National News Media that long ago. How sad our country has been manipulated by the Media for decades now.
46 posted on 03/07/2010 8:24:58 PM PST by originalbuckeye
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To: Lakeshark

Kudos. Perhaps your sibling is more intelligent than all of mine!

47 posted on 03/07/2010 8:25:43 PM PST by originalbuckeye
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To: originalbuckeye

He’s a Phd, and his first job was in DC for the feds the last year of the Carter administration. When I told him I voted for Reagan (my first ever vote), he was shocked. Two years later he had turned into a raving conservative. He hated working for the feds, couldn’t believe how little federal workers actually did. It didn’t take a lot of intelligence to figure that one out.

48 posted on 03/07/2010 8:31:47 PM PST by Lakeshark (Thank a member of the US armed forces for their sacrifice)
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To: mplsconservative

My husband works for himself (computer consulting/repair/networking/security, etc.) and things have been a bit slower for him this year.

Luckily my workload picks up this time of year and I get lots of hours and all the overtime I can handle from now until July, so it evens out our budget.

Garage sale? You betcha! A good friend and I have one each year and last year I really stripped the house (sold lots of stashed fabric and yarn) and made $300.00.

When I’m back working from home (in a few years) I plan to hold a huge “Trash or Treasure” sale each season or a plant sale or invite locals to come to our farm for the day to sell what they grow; a Farmer’s Market, but on a real farm, LOL! I think the concept will sell itself. ;)

There are plenty-o-ways to make a buck even in a horrible 0bamaconomy. :)

49 posted on 03/08/2010 4:50:34 AM PST by Diana in Wisconsin (Save the Earth. It's the only planet with chocolate.)
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To: originalbuckeye

Ping, from November, 2006.

50 posted on 01/06/2013 7:04:58 AM PST by TwelveOfTwenty (Ho, ho, hey, hey, I'm BUYcotting Chick-Fil-A)
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