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November 6, 2003
And There Was a Great Wailing and Gnashing of Teeth

... at least amongst Democrats, as productivity continues to rise and jobless claims fell to their lowest rate in almost 3 years:

Productivity — the amount an employee produces per hour of work — grew at an annual rate of 8.1 percent in the July-to-September quarter, the fastest pace since the first quarter of 2002. That was up from a 7 percent clip in the second quarter, the department reported. ... In a second report, new applications for jobless benefits last week plummeted by a seasonally adjusted 43,000 to 348,000. That marked the lowest level since the week ending Jan. 20, 2001, and was much better than the 380,000 level that economists forecast. The four-week moving average of new claims, which smooths out weekly fluctuations, dropped to 380,000 last week, the best showing since the week ending March 10, 2001.

So now that the economy and the job market are both looking up, what are the Nine Dwarves going to talk about now? Oh, wait ... I forgot ... the pressing issue of who they want to party with. (via Power Line)

Sphere It Digg! View blog reactions
Posted by Ed Morrissey at November 6, 2003 10:29 AM

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