Beet
Atlas Star
Posts: 29,029
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« on: November 03, 2006, 01:58:24 PM » |
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Solid news for the economy. I didn't hear anyone saying this was some kind of political conspiracy, I don't think anyone thinks of monthly economic statistics like that.
The election issue this year of course has never been about the economic performance, unless you mean how the government spends its money, which is a different issue. The Republicans have chosen to campaign on the theme "vote for us because if you don't the terrorists win," and the Democrats have chosen to campaign on Iraq and some specific economic plans like the minimum wage.
The 230,000 added in August is what the economy needs to be getting on a regular basis. During the 1990's expansion our labor force was smaller than it is today, and we had an average of 225,000 jobs generated every month for about eight years. The current number just suggest that unemployment is dropping because not as many people are going into the job market. Still, the August/September numbers are an improvement over most of this expansion, and we'll see if they can continue to hold up. The stock market might not like it though... rising wages is bad for profits.
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