Sunday, September 05, 2004

The Economy Gets Even Better

More bad news for the Democrats.
The national unemployment rate, which was at 5.5% (already bellow the average of the 70s, 80s, and 90s) has dropped to 5.4%. The preliminary job-creation numbers for the month of August (tend to be revised upwards at a later date) show that employers added 144,000 new jobs to the payrolls. August is the twelfth straight month that job numbers have gone up.In a further blow to Kerry’s already meager hopes of election, the number of new jobs for July was revised upwards and more than doubled (from 32,000 to 73,000).

1 Comments:

At 5:48 PM, Blogger 11238 said...

What's interesting is how few people, yourself included it seems, understand what the national unemployment rate actually measures. After six months, even if someone is actively looking for but unable to find a job, they are no longer considere 'unemployed.' They are then placed in that same bucket of citizenry as stay-at-home-moms, etc. as it is assumed they have purposefully taken themselves out of the workforce.

The fact remains that Bush is the only prez who has lost jobs for his citizens. I don't think that any economist worth her degree would agree that the economy is getting better, or that the numbers are bad news for Democrats.

 

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