The Corner

The one and only.

Good News Is Good News


At least sometimes. Markets had apparently expected the unemployment rate to get worse; instead it held steady at 6.1 percent. The payroll survey showed 57,000 jobs being created in September. (Oddly enough, the household-survey number, which some Republicans have been touting as more important because it had been telling a better story, went down.) Manufacturing is down another 29,000. Government employment–state, local, and federal–is also down, which appears to be driven by education. The markets are going up.