How can anyone claim a jobs report of only 92,000 is good, following the previous month’s 148,000 jobs created? An increase of 150,000 per month is considered necessary to keep up with labor force growth. Over the last 2 months we’ve averaged only 120,000. Combine this with a 3rd quarter GDP growth of only 1.6%, which would have been only 0.9%, were it not for the artifactual 26% increase in auto production. Looks like the Bush administration is really struggling to find something positive to crow about.
