What is this woman smoking? "House Speaker Nancy Pelosi’s statement Friday on the surprisingly good monthly employment jobs report: “The October jobs report offers further evidence that the Republicans’ disastrous special interest agenda is hollowing out the middle class while enriching the wealthy and well-connected.”(WSJ)
CNBC reports the following key points that Fancy Nancy has called disastrous:
- Nonfarm payrolls rose by 128,000 in October, exceeding the estimate of 75,000 from economists surveyed by Dow Jones.
- There were big revisions of past numbers as well. August’s initial 168,000 payrolls addition was revised up to 219,000, while September’s jumped from 136,000 to 180,000.
- The unemployment rate ticked slightly higher to 3.6% from 3.5%, still near the lowest in 50 years.
- The pace of average hourly earnings picked up a bit, rising 0.1% to a year-over-year 3% gain.
- The unemployment rate for African Americans nudged down to a record low 5.4%
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