Oh Yeah: 810,000 More Jobs

Of course, because there's no such thing as liberal bias in the media, you're probably gettting your fill of gas prices being down, the economy doing well and the unemployment rate getting lower and lower as much as you're having Mark Foley being shoved down your throat.

From the New York Sun:

Columbus Day tends to generate nostalgia for frontier, and the time when the possibilities seemed open for all on the American landmass. Some news that came out last Friday however underscores the fact that America remains a frontier, at least as far as opportunity is concerned. That news was contained in the monthly employment report from the Bureau of Labor Statistics.

The September jobs report at first seemed disappointing. Only 51,000 payroll jobs were created, compared to predictions of 120,000. Still, unemployment was down to 4.6% — a drop. And two surprises were in the report. The document also announced that an extra 62,000 jobs were created in the prior two months, bringing the total number of new payroll jobs to 113,000.

More important, tucked away on a back page, was the preliminary announcement that our economy had created 810,000 more payroll jobs over the period April 2005 to March 2006 than had been thought. This seemingly minor news contradicts the jobless recovery stories, shows why wages and compensation haven't been growing faster, and explains the some of the difference between the household and payroll employment surveys.