Skip to comments.Unemployment sinks to 5-year low (11/3/06)
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 ...
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
Facts? Facts don’t matter to Leftists. They consider facts to be something manufactured to interrupt their reverie of possible Utopia.
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.
Kudos. Perhaps your sibling is more intelligent than all of mine!
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.
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. :)
Ping, from November, 2006.