Friday, November 05, 2004

I think the saddest chapter of the Democrat's election campaign has yet to take place. Barring some unexpected economic catastrophe in the next four years, George Bush will not be the first president since Herbert Hoover to lose jobs. In fact, there's still a decent chance that you won't be able to say it about the first term either which has another three months to go.

Labor Market Snaps Out of Lull to Add 337,000 New Jobs

The labor market snapped out from its summer lull to add 337,000 new jobs in October, the biggest increase since March, the Labor Department reported today, raising hopes that businesses are overcoming years of intense caution and beginning to move aggressively to hire workers....

The employment report surprised Wall Street economists, who had been expecting an increase about half as large. It also portrayed a much more vigorous labor market than that previously indicated over the past three months, as the Labor Department increased its earlier estimates of job growth in August and September by 113,000.

On average, it said, the economy has been adding 225,000 jobs every month since August, substantially above the 150,000 needed to absorb new entrants into the labor force because of simple population growth...


Democrats pointed out that there are still 371,000 fewer payroll jobs outside of the farming sector than there were when President Bush took office nearly four years ago.

Remember when Kerry was saying that the number was 3 million?

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