Friday, November 03, 2006

US - Unemployment Rate Falls, Payrolls Grow

More bad news for Democrats.

Add to this a record setting DOW and falling gas prices.

WASHINGTON (AP) -- The unemployment rate dropped to a five-year low of 4.4 percent in October as employers added 92,000 new jobs -- flashing a picture of a strong labor market as the midterm elections draw near.

The latest report, released Friday by the Labor Department, showed that the civilian unemployment rate fell 0.2 percentage point from 4.6 percent in September. It marked the third month in a row that the politically prominent jobless rate declined.

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