by Benjamin J. Kirby
Well, a couple of pretty darn good pieces of economic news came out today, starting with the jobs numbers -- and the jobless rate fell to 7.4%. That's significant, because it's the lowest that number has been since 2009.
It also robs Mitt Romney of a key talking point: The jobless rate has been above 8% for however many straight months.
It is good economic news -- not great. But then again, this has been an awfully slow recovery, so you take what you can get.
Which includes having the Department of Labor revise some earlier statistics in a better direction:
That disappointing jobs report the day after the Democratic convention ended? The Bureau of Labor Statistics now thinks it undershot the true number of new payrolls by 40,000. If October’s figures are solid, and also suggest an upward revision to today’s number, we’ll have early indications of another fall-winter boomlet — days before the election.
I've said it before, I'll say it one more time: this election was always going to be about the economy. And it has. I said at some point early on that if the economic reports continued on the plus side as we slogged towards Election Day, that would be nothing but good news for the President.
Needless to say, the conspiracy theorists are already going to work... When will the GOP learn? Old men ranting about things that aren't there is not a winner.
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I'm really glad it's Friday. It's been kind of a long week at work, and it has been hectic here at home.
At work, I had to pack up all my crap and move it. And then I had to basically move it all again (long story). So I never really got focused. The upside is I found an awesome new Vietnamese restaurant that's totally vegetarian. It was amazing.
I'm taking Monday off because it's Columbus Day, and Duncan gets it off. I figured it'd be nice for us to have a day together. Also, I'm thinking we're going to head to the beach, so that's exciting.
Crack open your can of sparkly water and pop a tub of popcorn, everyone. You've earned it.
It's finally Friday.