Posted on 11/05/2004 6:57:24 AM PST by elephantman96
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Economists had expected October payrolls to grow by about 175,000 with the jobless rate holding steady at 5.4 percent. Employers have added about 2.2 million jobs since August 2003.
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October's job growth was the highest since March, when employers added 353,000 positions. Since that time, the pace had slowed, especially in June and July. But hiring has picked up since, growing by a revised 198,000 in August and 139,000 in September. Both figures were higher than originally reported by the Labor Department.
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But the economy is back on track, growing at a 3.7 percent annual rate in the third quarter, up from a 3.3 percent pace in the prior period.
wait for the readjustment of September sometime in December...
Just Damn! Now we get the great jobs report. They must have been holding out on us.
The stock market is going crazy too!
As someone pointed out yesterday, they threw everything they had at us, manipulated high oil prices, censored reporting, hollywood, MTV, etcetcetc. We still won. Our victory is bigger than we realize.
That and the fact that we don't have to worry about Y2K are the big news items today.
Those of us who work for a living have known the "economy" has been "on track" since 2002 back when the recession ended. Sure the press has tried to say it's the worst economy since Hoover and CBS has the documents to prove it, but we all knew an naked emperor when we saw it.
The economy in general has been doing well for the last year or so, and that is great news. Now if we can get employment to track that and see some sustained strong growth, that will be great.
I agree. It is huge, incredibly so. What a brave leader George Bush is! Of course, the DIMS won't learn a thing from all this. They are just crying babies right now but they won't change one bit. The HOllywood big mouth machine with wind everyone back up again, with assistance from the old media.....
One of my children will be able to vote in the next election. We need to document this historic event well before the libs do their revisionist smears and try to make this moment less than it was.
It's Bush's fault...oh, um, nevermind. [wink]
Blommberg reports that "...371K jobs lost since Bush took office,Jan.2001." We need one more good month and we have two months left!
To prevent duplication, please do not alter the heading. Thanks.
Even better, some articles (http://apnews.myway.com/article/20041105/D865OJ880.html) note:
"Employers have added about 2.2 million jobs since August 2003."
Bloomberg ought to report, also, that about 3,000,000 more Americans are working than when President Bush took office - an all time record number.
I believe we have 50 months left.
Yes, but that figure never gets reported...
True. But MSM figures based on conclusion of Bush first term, Jan.05.
Yeah, but this past election cycle the Rats spent a whole lot of money for less than nothing, and continuing to talk down the economy won't help them make the cash they will need in 2008.
Relax, smile, have a brewski or two - then clean your weapons and start training again. The circle will start again soon...
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