28 February 2006

Economy is - gasp! - Good

CNN reports that the unemployment rate dropped to 4.7 percent, the lowest in almost 5 years. From November through January, the economy created 230,000 new jobs each month. (Since May of 2003, 5 million jobs have been created.)

The Labor Department said the unemployment rate dipped to 4.7 percent from 4.9 in December, the lowest since 4.6 percent in July 2001, just before the Sept. 11 terrorist attacks.

Economists had forecast that the rate would remain unchanged from December.

This is bad news for pessimistic Democrats who thought that they could blame, yet another problem on, George W. Bush. Sorry to say for the Defeat-O-Crats, better luck next time.


Anonymous said...

Do your stats include Americans who are not on the official unemployment rolls? Most stats omit this segment of the population. Not to piss on your parade, But we both know stats can be made to show whatever that particular person wants them to just by omitting a few key numbers/facts. Kinda like the defecit.

Rue St. Michel said...

I got the report from CNN then linked it over from the BLS site.

I would assume that the stats did omit this information because if a person is not on the official unemployment rolls then they couldn't be accurately accounted for.

Go here for the BLS stats page for more.

Thanks for the comment.