More Republican weapons of mass appeal being found as we speak:
[Excerpted from Larry Kudlow’s column
October 12 2004]U.S. job creation continued to move ahead at a steady pace with the announcement Friday that 96,000 non-farm payrolls were added to the economy. Over the past thirteen months 1.9 million new jobs have been created. The unemployment rate stands at a historically low 5.4 percent. One hundred forty million Americans are now working, a new U.S. record.
The brightest spot in the Labor Department’s September report is a 3.2 percent annual rate of increase for third quarter hours worked. This is the strongest quarterly rise in seven years. It probably foreshadows 5 percent real GDP growth for the third quarter, a number that will be released on the last Friday before the Tuesday presidential election.
At lower personal tax-rates more people are working, and they are working longer hours to produce more. This is consistent with supply-side thinking that lower taxes enabling people to keep more of what they earn generate new incentives for greater work effort.
As for wages, average hourly earnings have increased by 3.1 percent annually through September. This number has been steadily rising over the past year from a meager 0.8 percent increase registered in October 2003.
PTBC was founded by Mr. Johannesen in 2000.
Contact Mr. Johannesen about this article using this form. Please refer to article's title.
FOLLOW @JoelJohannesen ON X!
- State-Funding of Sports Boondoggles Need To Be Sent To The Penalty Box - Wednesday March 13, 2024 at 4:44 pm
- I’m from the government and I’m here to help you become barely mediocre like us. - Tuesday March 5, 2024 at 11:53 am
- Big-Ass Government makes Big-Ass Blunder - Friday March 1, 2024 at 12:36 pm
