Friday, January 06, 2006

US Economy More Dynamic

Fire of Liberty
It seems the U.S. economy is more dynamic than I previously reported. Take a look at what Bloomberg reported on the latest numbers released by the Labor Department:
The U.S. economy added 108,000 jobs in December, capping the second straight year American employers added more than 2 million workers, a government report showed.

The unemployment rate fell to 4.9 percent from 5 percent and labor costs rose, the Labor Department said today in Washington. The December gain followed figures showing 71,000 more jobs than first reported for November and October.

The U.S. added jobs each month in 2005, overcoming a barrage of hurricanes and surging energy prices. President George W. Bush, whose approval ratings sank last year, is pointing to the resilience to build support for his policies. Business spending and job growth may sustain the economy in 2006 as higher interest rates slow the housing market, economists said.
If this is bad in the eyes of the Dems can you imagine what they consider a disaster. So keep up the good work Mr. President or should I say keep on freeing up the economy to do its own thing.

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