Good Jobs Report Boosts US Economy

Good Jobs Report Boosts US Economy

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jobs classifieds paper by Kevin P. via morguefileThere was more than a bit of good news in this week’s economic reports.

For one thing, U.S. unemployment fell from 9.1% to 9.0%.

But the real good news is the past upward revisions.

Last month’s headline report of 103K has been revised higher to 158K.

And August — the month when a ZERO-net-increase of jobs was originally reported — is now up to 104,000.

Read more about the jobs report in the Business Insider.

Also this week, unemployment claims dropped to their lowest level in five weeks, while manufacturing productivity increased 5.4 percent in the third quarter, and production of durable goods like cars and household appliances spiked 9.9 percent, reported ABC News.

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