…keeps rolling along. This morning, the Labor Department announced that 166,000 new payroll jobs were added in October, marking a record 50th consecutive month of job creation. Real GDP growth was a strong 3.9 percent in the third quarter, and real after-tax per capita income has risen 12.7 percent since the beginning of the Bush administration.
The New York Times noted the positive jobs report, along with other good economic news released today, in an article titled A Wall St. Switch: Good News May Be Good News. What’s funny about this is that earlier this morning, before the jobs report came out, the article was titled “Wall St. Switch: Bad News May Be Bad News.” The Times apparently was expecting bad news on the job front; when the Labor Department report came out, the on-line title was hastily changed and the paper’s coverage led with the statement that “the October employment report came in stronger than expected.”
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