Quote:
Originally posted by sgtclub
Nice spin:
- Still, the unemployment rate (search) edged up to 5.5 percent from 5.4 percent in September, but that was because more people joined the search for employment, a potentially hopeful sign.
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I was being snide, not spinning.
I'd rather have employment go up than down, of course, but what I want to see from Bush is a sustained and structural building of the employment base and the economy.
But, frankly, I think Bush is of the school that says the unemployment rate is not a particularly critical measure of the economy. I don't think they mind a jobless recovery, as long as the corporate profit reports and the consumer/market confidence comes back.
