The unemployment news surprised some people, who were expecting who knows what, since everything that happens under Obamanomics is “unexpected.”
The jobless rate unexpectedly fell in October while employers added fewer jobs than forecast, illustrating the “frustratingly slow” progress cited by Federal Reserve Chairman Ben S. Bernanke this week.
The unemployment rate fell to a six-month low of 9 percent from 9.1 percent, even as the labor force expanded. The 80,000 increase in payrolls followed gains in the prior two months that were revised up by 102,000, Labor Department figures showed today in Washington.
I guess we should feel relieved.
No really, former Speaker of the House Nancy Pelosi says if we hadn’t passed the Stimulus bill, unemployment would be at 15%.
What does she base that on? She’s Nancy Pelosi. That’s proof enough for some.