Friday, November 03, 2006

4.4%

**Today's blockbuster jobs report closes the door on the doom and gloom recessionary bears.

The Goldlilocks economy is still alive and well - not too hot, not too cold.

The greatest story never told marches on...

Bloomberg:

Employers in the U.S. added 92,000 jobs in October, and payroll growth in prior months was revised higher for the second time in a row, pushing the unemployment rate to a five-year low.

Last month's gain in employment followed increases of 148,000 in September and 230,000 in August, both higher than previously reported, the Labor Department said today in Washington. The jobless rate fell to 4.4 percent from 4.6 percent the previous month....