Gee, this sounds like real good news doesn’t it? Well……this article I posted yesterday, shows these figures are already back in the dumper.

The number of U.S. workers applying for jobless benefits rose by an unexpectedly large 18,000 last week to 327,000.

Bullshit Bullshit and more bullshit…….

By Jeannine Aversa, AP Economics Writer | November 3, 2006

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.

The tally of new jobs added to the economy in October fell short of economists expectations for an increase of around 125,000 positions, however. Nonetheless, job gains in both August and September turned out to be much stronger than previously estimated — and that took a lot of the sting out of October’s less-than-expected payroll performance.

More here