The Corner

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.

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.


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