The U.S. Labor Department release the latest job figures on Friday—that’s well before the election—but few mainstream media outlets bothered to mention it until today, after they finally gave up on getting Senator John Kerry into office. Handy!
As it turns out, a surprisingly strong 337,000 jobs were added to payrolls last month—twice the 169,000-job growth that Wall Street economists had forecast and the strongest since March when 353,000 jobs were created, the Labor Department said.
That would have proven terribly inconvenient in the media effort to get John Kerry elected.
In the second quarter of the year, the United States pulled off a very impressive 3.3 percent annual growth rate in its GDP. That was also reported on Friday.
The report is in for the third quarter, and it shows an even more impressive—some would say astonishing in light of 9/11—3.7 percent growth rate—an increasingly positive rate of growth.
Yes we posted about it here. But I didn’t find the info in the new York Times, and I’m not sure they printed anything about it there, just as they never printed anything about the mass grave found in Iraq a couple weeks ago.
Not only was October a strong month but the number of jobs created in the two prior months was revised up—to 139,000 in September instead of 96,000 and to 198,000 in August instead of 128,000.
Economists had expected October payrolls to grow by about 175,000 with the jobless rate holding steady at 5.4 percent. Employers have added about 2.2 million jobs since August 2003.
Let me repeat that: Employers have added about 2.2 million jobs since August 2003.
PTBC was founded by Mr. Johannesen in 2000.
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