More Bad News for the Dems

Somehow I don't think Bush is going to get credit for any of this.

Unemployment falls; wages up 4 percent

The nation's unemployment rate fell to 4.6 percent last month, down from 4.7 in August, and average wages rose by 4 percent over the previous year -- the best performance for both measures in five years.

The monthly Labor Department report released yesterday revealed that 51,000 new jobs were reported last month, a disappointing figure, but job gains were stronger than reported earlier for the previous year and a half.

"The economy is actually stronger than these employment numbers suggest," said Bernard Baumohl, executive director of the Economic Outlook Group, a Princeton, N.J., economic-advisory firm. The figures were mixed and elicited widely varying reactions from financial markets and analysts.

The stock market declined after focusing on the weakness in job growth, which was the lowest new-jobs figure since Hurricane Katrina blew a hole in the economy last year, and included sizable job losses in manufacturing and retail trade as factories and stores continued to retrench.

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Yeah the economy is terrible these days, especially if you are looking for bad news to blame on Bush.