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Friday, November 07, 2003

Posted by Jake
Unemployment Continued to Fall in October

The nation's unemployment rate dropped to 6 percent in October as companies added thousands of new jobs for the third straight month, new evidence of an improving labor market.

The Labor Department reported Friday that payrolls grew by 126,000 last month, significantly more than the 50,000 new jobs that economists had predicted. That followed a revised 125,000 new jobs in September, which initially was reported at 57,000.


An end to the jobless recovery (finally). Wow, I guess economics works.


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