November 5, 2006


US joblessness ebbs to rare historical low: It hasn't been so low since the dotcom heyday. But it may also portend an interest-rate hike (Ron Scherer and Ben Arnoldy, 11/06/06, The Christian Science Monitor)

[The nation's unemployment rate sank as low as 4.4 percent] in 2001, when dotcom entrepreneurs were still writing checks that didn't bounce. Jobs were also plentiful in the early 1970s, when the nation was at war in Vietnam. Ditto for 1957, when the economy had fewer women, teenagers, and minorities in the workplace.

Now, add October 2006 to the list.

In the last major economic report before Tuesday's showdown at the ballot box, the Labor Department says the unemployment rate is now at that level, down from 4.6 percent in September. It is a piece of good news for an embattled president and suggests the economy is stronger than many recent estimates.

Remind us again why Democrats will be able to turn out voters who want to reverse the Bush economy?

Posted by Orrin Judd at November 5, 2006 7:07 PM

Because they're stupid.

Posted by: Sandy P at November 5, 2006 7:56 PM

Possibly because the Bush Administration has not promoted it very much.

Posted by: Qiao Yang at November 5, 2006 11:23 PM